Oil prices surge 2% as China halts fuel exports amid US-Iran tensions

Oil prices climbed 2% with Brent crude exceeding $100 per barrel following China's decision to halt fuel exports. The move has intensified concerns about global supply availability.

The price surge comes amid escalating US-Iran tensions and reported diesel shortages worldwide. China's export suspension is expected to further constrain international fuel markets already affected by geopolitical instability.

Energy analysts are monitoring the situation closely as disruptions to major supply sources could impact crude costs and fuel availability globally in the coming weeks.