Crude oil prices climbed on Monday following a weekend of reciprocal military strikes between the United States and Iran, reigniting investor anxiety over the stability of key shipping routes.
The escalation marks a fresh intensification of hostilities, with markets pricing in the risk that the conflict could expand and severely disrupt global energy supplies.
Brent crude futures rose in early trading, reflecting the immediate impact of the geopolitical shock.
The price move underscores the persistent vulnerability of energy markets to sudden escalations in the Middle East, where the Strait of Hormuz remains a critical chokepoint for global oil shipments.
Traders are closely monitoring the situation for any signs of broader disruption to tanker traffic or infrastructure damage.
The latest strikes come amid a volatile period of back-and-forth military action, with both sides signaling a willingness to escalate.