Oil Tops $100 as Iran War Fears Grow, Threatening Global Demand

The U.S. is preparing for a potential ground war in Iran to reopen the Strait of Hormuz, and oil remains above $100 a barrel, threatening global demand. Analysts warn that sustained high prices could trigger 'demand destruction'—reducing jet fuel use, travel, and other activity—with early signs in Asia; meanwhile, securing Hormuz remains logistically and financially daunting for carriers and policymakers, keeping markets on edge.