Oil prices surged more than 4% on June 11, 2025, reaching a two-month high amid escalating tensions in the Middle East. Market analysts have raised forecasts, with some predicting oil could surpass $100 per barrel as prospects for a US-Iran deal diminish. The heightened geopolitical risks have also driven a 21% increase in implied volatility for the US Oil Fund ETF (USO). The rise in prices reflects growing concerns over supply disruptions linked to the regional instability.