India, May 11 -- The global energy landscape shifted dramatically today as West Texas Intermediate (WTI) crude futures soared toward the $100 mark, trading at approximately $98.02 per barrel. The catalyst was a sharp escalation in geopolitical friction after U.S. President Donald Trump labeled Iran's latest diplomatic response "TOTALLY UNACCEPTABLE" in a post on Truth Social. Iran's proposal, which reportedly suggested transferring enriched uranium to a third country while maintaining its nuclear infrastructure, failed to appease Washington, leaving the strategic Strait of Hormuz effectively closed.

The situation in the Middle East deteriorated further as drone attacks targeted a cargo vessel near Qatar. Simultaneously, the UAE and Kuwai...