Crude Oil Surges Past $105 Amid U.S.-Israel-Iran Tensions

Crude oil prices have exceeded $105 per barrel as the conflict involving the United States, Israel, and Iran intensifies, leading to fears of severe disruptions in global energy supplies. Brent crude futures rose by 2.01% to $105.15 per barrel, while U.S.

West Texas Intermediate (WTI) crude increased by 1.61% to $100.32 per barrel. This surge marks a 40% increase over the month and the highest levels seen since 2022.

Analysts attribute this rally to mounting fears that prolonged conflict in the Middle East could significantly disrupt global energy supplies. The latest price spike follows a joint U.S.-Israeli strike on Iran, which reportedly prompted Tehran to halt shipping through the Strait of Hormuz, a critical maritime corridor responsible for approximately one-fifth of global crude oil shipments.

The crisis has drawn attention to Iran's Kharg Island, its primary oil export hub, which accounts for roughly 90% of its crude shipments. U.S.

President Donald Trump has threatened further military action, raising concerns about potential escalations in the conflict.