Oil prices surged on Monday after Israeli Prime Minister Benjamin Netanyahu warned that the conflict with Iran remains unresolved, stoking fears of renewed escalation in the region.
The remarks intensified market anxiety over potential disruptions to energy infrastructure and shipping routes.
4% in the session, with traders reacting to the heightened geopolitical risk.
Brent crude climbed 2.4% in the session, with traders reacting to the heightened geopolitical risk.
The market's sensitivity to Middle East tensions has been amplified by recent volatility in the Strait of Hormuz, a critical oil transit chokepoint.
The situation has drawn attention to the for global energy markets, particularly as the region remains a focal point for supply chain stability.
Analysts are monitoring whether further military or diplomatic developments could trigger a more sustained price rally.