The global oil market is bracing for impact as tensions between Iran and Israel continue to escalate, causing prices to skyrocket. Recent reports indicate that the conflict between the two countries has reached a critical point, with both nations on high alert.

According to experts, Iran's recent decision to cut off oil exports to Israel has sent shockwaves through the market. This move has led to a surge in oil prices, with many fearing that the situation could deteriorate further in the coming days.

In response to Iran's actions, Israel has ramped up its military presence in the region, raising concerns about a potential conflict that could have far-reaching consequences for the global economy. Analysts warn that if the situation worsens, it could lead to a major disruption in oil supplies, causing prices to soar even higher.

As the world watches the situation unfold, it remains to be seen how the ongoing tensions between Iran and Israel will impact the oil market in the long term. For now, investors and consumers alike are bracing for the possibility of even higher prices at the pump.