Global oil prices increased again as tensions escalated between the United States and Iran, following attacks targeting Kuwait and Bahrain. In Wednesday morning trading, crude oil prices rose by more than 1 percent, reflecting market concerns over regional instability.

According to the report, the United States carried out an attack on Iran’s Qeshm Island, prompting Iran to respond with missile and drone strikes on Kuwait and Bahrain. Meanwhile, peace talks between the United States and Iran have shown no progress, further fueling uncertainty in the energy market. The heightened conflict has directly influenced oil trading trends.

Brent crude futures rose by 1.05 dollars, or 1.09 percent, to settle at 97.05 dollars per barrel. Similarly, US West Texas Intermediate (WTI) increased by 1.01 dollars, or 1.08 percent, reaching 94.77 dollars per barrel.