Oil prices are surging past $90 a barrel as the Iran conflict enters its second week, with analysts warning of a potential $100 crude peak. Transversal's Ellen Wald predicts triple-digit prices if the war extends, citing the near-total shutdown of the Strait of Hormuz. Ship traffic through the critical waterway has all but halted, transforming a feared worst-case scenario into grim reality. While prices remain below previous crisis peaks, the rapid climb — a quarter gain this week — signals escalating market anxiety.