LONDON: Global oil prices continued to climb after the United States launched fresh strikes on Iran, adding to concerns over supply disruptions amid escalating tensions in the Middle East.
In international trading, Brent crude rose by $1.93, or 2 percent, to reach $96 per barrel, its highest level since June 8.
Meanwhile, West Texas Intermediate (WTI) crude gained $1.44, or 1.7 percent, to trade at $88.27 per barrel.
The latest gains followed strong increases in the previous trading session, when Brent crude settled at $94.07 per barrel after rising by more than $3, while WTI crude also recorded an increase of nearly 3 percent.
The surge in oil prices came amid heightened geopolitical tensions after U.S. forces reportedly launched a new wave of attacks on Iran.
Market sentiment was also influenced by reports of Houthi attacks on oil tankers in the Red Sea, raising concerns over the security of one of the world’s most important energy shipping routes.
Analysts said fears of potential disruptions to global oil supplies have driven investors toward higher crude prices as markets continue to monitor developments in the Middle East.
The rise in oil prices is expected to have broader implications for global energy markets and could place additional upward pressure on fuel costs if regional tensions persist.
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