Crude oil prices extended their recent rally early Tuesday, with both Brent and West Texas Intermediate (WTI) climbing to their highest levels in four weeks.
The benchmarks rose by nearly 3% in early trading, building on a sharp two-day surge that marked the largest percentage gain in four months.
The price action reflects persistent market anxiety over the security of energy supply routes in the Middle East.
Traders are pricing in continued risk as military activity in the region remains intense, keeping a lid on any potential pullback from recent highs.
This development follows a period of heightened volatility, with oil prices previously hitting their highest level since the start of the Iran conflict.
The Strait of Hormuz remains a focal point for shipping risk, with any disruption to transit flows likely to keep upward pressure on crude valuations.