Global oil prices jumped sharply in early trading on Tuesday as reports emerged of renewed military attacks in the Middle East.
The escalation has reignited investor concerns over potential disruptions to critical energy infrastructure and shipping routes in the region, prompting a swift repricing of supply risk across energy markets.
Multiple wire services, including the Independent and Hindu Businessline, have reported on the intensifying military activity.
Brent crude futures rallied significantly, extending a two-day surge that marked the largest percentage gain in four months.
The price action reflects a broad risk-off sentiment, with equity markets posting a wide sell-off as traders hedged against the possibility of prolonged conflict.
The move underscores the market's sensitivity to geopolitical instability in key oil-producing regions, where even the threat of infrastructure damage can drive immediate volatility.
Multiple wire services, including the Independent and Hindu Businessline, have reported on the intensifying military activity.