DID Press: Global oil prices climbed sharply, with Brent Crude rising by more than $5 to reach $112.38 per barrel, amid heightened tensions in the Middle East.
The surge follows reports of retaliatory actions by Iran after attacks by the United States and Israel on Iranian gas facilities, alongside strikes on regional energy infrastructure.
Market indicators show Brent crude trading at its highest level in recent weeks, reflecting growing investor concerns over potential disruptions to global oil supply.
Analysts say volatility remains elevated as geopolitical risks continue to weigh heavily on energy markets.