Global oil prices climbed sharply again on Tuesday as fears of escalating conflict in the Middle East rattled energy markets and raised concerns over possible supply disruptions.
Brent crude rose 0.4 percent to $110.19 per barrel, while U.S. benchmark West Texas Intermediate (WTI) increased 0.8 percent to $113.31 per barrel.
Market analysts said the latest gains were driven by growing investor anxiety over the ongoing regional conflict and the risk that vital oil supply routes could be disrupted. Particular concern has centered on the Strait of Hormuz, one of the world’s most important energy shipping corridors, where uncertainty continues to build.
Tensions intensified further after U.S. President Donald Trump warned Iran over keeping the Strait of Hormuz open. With the deadline set by Washington approaching and no clear resolution in sight, traders are increasingly worried that the situation could deteriorate further and push oil prices even higher.
The renewed rise in crude prices adds to global concerns about energy costs, inflation, and the broader economic impact of prolonged instability in the region.