"Geopolitical Tensions Propel U.S. Crude Oil Prices Above $87 Amid Inflation Concerns"

U.S. crude oil prices surged above $87 a barrel amid reports of Israel preparing for a potential direct attack by Iran this weekend, leading to the highest Middle East tensions since last October. The West Texas Intermediate contract for May delivery rose to $87.34, while June Brent futures reached $91.86. Concerns over a possible Iranian strike on Israel have led to heightened geopolitical tensions, with potential for further escalation and impact on oil prices, with analysts warning of a spike to $100 or even $120-130 per barrel if the situation worsens.