Crude oil prices rose again in the international market amid escalating tensions between Iran and the United States. On Thursday, Brent crude increased by 1.93 dollars or 2 percent to reach 96 dollars per barrel, marking its highest level since June 8. According to a report by Al Jazeera, the US benchmark West Texas Intermediate (WTI) also gained 1.44 dollars or 1.7 percent, trading at 88.27 dollars per barrel.

Earlier trading sessions had already seen Brent crude rise by more than 3 dollars to 94.07 dollars per barrel, while WTI climbed nearly 3 percent during the same period. Analysts cited renewed US military strikes in Iran and intensified attacks by Yemen’s Houthi rebels on oil tankers in the Red Sea as key drivers of the surge. These developments have heightened strategic instability in the Middle East and disrupted supply confidence.

The report indicates that uncertainty in global oil supply chains continues to fuel price volatility, with markets reacting sharply to geopolitical risks in the region.