mniraq - Global crude oil prices moved upward following growing concerns regarding energy supply security and escalating geopolitical tensions across the Middle East.
Brent crude increased by 1.24% to $107.02 per barrel, while West Texas Intermediate (WTI) rose by 1.18% to $95.25 per barrel, influenced by ongoing regional military developments and energy infrastructure impacts.
Meanwhile, US Central Command affirmed international navigation safety in the Strait of Hormuz alongside regional partners, as market analysts anticipate further potential price surges if regional conflicts broaden.
