Global oil prices surged sharply after reports of rising tensions in the Middle East and attacks on two oil tankers in Iraqi waters, creating uncertainty in the international energy market.
According to reports, two international oil tankers were targeted near Iraqi maritime boundaries, raising concerns about possible disruptions in global oil supply and increasing anxiety among market participants.
In the global market, the price of Brent crude recorded an increase of about 9 percent, reaching $100.50 per barrel. Similarly, US crude oil prices also saw a significant rise, climbing 8.57 percent to reach $94.73 per barrel.
During early Asian trading, the price of US West Texas Intermediate crude also surged and reached $93.80 per barrel after gaining around 7.5 percent.
Experts say that if tensions near the Gulf region and the Strait of Hormuz continue, further fluctuations and increases in global oil prices may occur, potentially impacting international energy markets.
It is worth noting that after oil prices rose due to the Iran conflict, the International Energy Agency announced the release of 400 million barrels of oil; however, despite this announcement, crude oil prices continued to rise in global markets.
