India, March 17 -- Global energy markets were thrust into turmoil this week as the escalating war involving Iran sent crude oil prices surging above $100 per barrel and triggered sharp swings across global stock markets. Traders, governments, and central banks are now grappling with the possibility that one of the world's most strategically important oil corridors could remain disrupted for weeks or even months.

The surge in prices reflects growing fears that the conflict could cripple energy flows from the Middle East, a region responsible for a significant share of global crude exports. With tanker traffic threatened and critical infrastructure reportedly targeted, investors are increasingly pricing in the risk of prolonged supply dis...