Brent crude rose 1.5% to US$84.50 a barrel in Asian trading on Tuesday, driven by fresh reports of military escalation between the United States and Iran.
The move extends a period of heightened volatility in energy markets, where geopolitical risk has become a persistent pricing factor rather than a transient shock.
Earlier this week, crude prices climbed more than $1 a barrel in post-settlement trade after reports emerged that the US military had initiated a new round of strikes against targets in Iran.
The latest uptick follows a series of developments that have kept supply disruption fears alive.
Earlier this week, crude prices climbed more than $1 a barrel in post-settlement trade after reports emerged that the US military had initiated a new round of strikes against targets in Iran.
Despite claims from President Donald Trump that negotiations with Tehran remain active, the reality on the ground has continued to weigh on market sentiment, with investors pricing in the potential for broader regional instability.
This escalation adds to a growing list of shipping and route-security concerns in the Strait of Hormuz.