Brent crude hits $70 a barrel on US-Iran tensions
Brent crude just jumped past $70 a barrel—the highest in four months—thanks to rising friction between the US and Iran.
President Trump has warned Iran that "time is running out" for a nuclear deal, hinting at serious consequences if things escalate.
Experts warn of price surge
Iran is a major oil producer, and any trouble there can shake up global prices fast.
Experts say if Iran's supply gets cut off, we could see Brent hit $91 in the coming months.
Plus, if the Strait of Hormuz—a key route for oil ships—gets blocked, prices could shoot up even more.
Countries are trying to mediate
Amid all this tension, countries are scrambling to keep things from boiling over.
Israeli and Saudi delegations have been in Washington for talks, while Iran's foreign minister met with Turkey to discuss next steps.
Gulf Arab nations are also making it clear they don't want their land used for attacks against Iran.