Crude oil prices advanced on Monday as renewed military strikes between the United States and Iran reignited concerns over potential disruptions to Middle Eastern supply routes.
The escalation marks a continuation of the volatile security environment that has kept energy markets on edge throughout the week.
The latest strikes follow a series of escalations over the past few days, including US military actions on targets in Iran reported earlier in the week.
West Texas Intermediate (WTI) futures climbed 0.71% to settle at $69.72 a barrel.
The modest gain reflects a market balancing immediate geopolitical risk against the absence of a confirmed physical disruption to flow.
Brent crude also moved higher, tracking the risk premium associated with the Strait of Hormuz, a critical chokepoint for global oil shipments.
The latest strikes follow a series of escalations over the past few days, including US military actions on targets in Iran reported earlier in the week.