Brent crude prices rose significantly within a 48-hour window as escalating tensions in the Middle East triggered fresh volatility across global commodity and equity markets.
The flare-up in the region has reignited concerns over potential supply disruptions, prompting traders to bid up energy prices despite broader risk-off sentiment in financial markets.
The price action in oil stands in contrast to the weakness seen in global equities, which faced renewed selling pressure on Tuesday.
Negative sentiment originating in the United States spread to Asian and European trading sessions, with investors grappling with a dual headwind of geopolitical risk and broader market uncertainty.
The divergence highlights how capital is rotating into safe havens and commodities perceived as benefiting from supply constraints, while growth-sensitive equity sectors face headwinds.
This latest escalation adds to a backdrop of heightened investor anxiety.