Oil prices surge sharply in 2026, with Brent crude posting a massive 56% monthly gain, marking its strongest rally on record amid escalating U.S.-Iran tensions. The global oil market is now under extreme pressure as Donald Trump signals intensified military action, pushing crude prices near multi-year highs. Brent crude crossed $109 before easing to $106, while WTI crude surged above $111, reflecting tightening supply fears and rising geopolitical risk premium. Markets are reacting fast. Investors are pricing in disrupted oil flows through the Strait of Hormuz. Energy supply concerns are deepening. Stock markets across Asia and Europe are falling sharply….