News Desk
LONDON: Global crude oil prices have increased by up to 3 percent in international markets amid rising geopolitical tensions in the Middle East and concerns over supply disruptions.
According to market reports, Brent crude rose to 111 dollars per barrel, while West Texas Intermediate (WTI) and UAE Murban crude were recorded at around 108 dollars per barrel.
Analysts said the price surge is driven by fears of potential supply constraints, ongoing regional instability and increasing global demand. Energy markets have remained volatile as traders closely monitor developments in key oil-producing regions.
Experts added that continued uncertainty in the Middle East could keep oil prices elevated in the near term, potentially impacting global inflation and fuel costs across several economies.
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