Crude oil prices advanced on Monday as renewed military strikes between the United States and Iran disrupted shipping lanes in the Strait of Hormuz.
The escalation underscores the fragility of the interim peace deal between the two nations and has once again slowed the flow of energy exports through one of the world's most critical maritime chokepoints.
Brent crude and WTI benchmarks both posted gains in the session, reflecting immediate market repricing of supply disruption risks.
Traders are closely monitoring tanker traffic data and insurance premiums for the region, which have spiked following the latest round of tit-for-tat attacks.
The volatility highlights how quickly geopolitical instability can translate into tangible supply constraints, even when broader production levels remain unchanged.
This development follows a series of escalations over the past week, including US military strikes on targets in Iran and subsequent Iranian responses.