Brent crude futures have climbed above $86 per barrel, marking a second consecutive day of gains and a cumulative rise of more than 10% over the past 48 hours.
The sharp rally reflects intensifying supply-side anxieties as traders digest a confluence of geopolitical and policy risks.
This development extends the upward momentum seen earlier in the week, when Brent first broke above $82 on Monday amid reports of a potential US blockade of Iranian ports.
The price surge follows reports that US President Donald Trump has signaled intentions to impose new tariffs, adding trade policy uncertainty to an already volatile energy landscape.
Simultaneously, ongoing military tensions in the Strait of Hormuz continue to weigh on market sentiment, with fears of potential shipping disruptions keeping a premium on crude prices.
This development extends the upward momentum seen earlier in the week, when Brent first broke above $82 on Monday amid reports of a potential US blockade of Iranian ports.
The market is now pricing in a broader risk scenario where both physical supply constraints and trade policy shifts could constrain global energy flows.