Brent crude futures for October delivery rose to $85.08 a barrel in early European trading on Tuesday, extending a multi-day rally that has pushed the benchmark to its highest level in four weeks.
The gain follows a volatile period for energy markets, with prices recovering from a sharp sell-off that saw benchmarks shed nearly 10% of their value earlier in the week.
The upward momentum is being driven by persistent concerns over supply disruptions in the Middle East.
Traders remain wary of potential export bottlenecks as diplomatic efforts to resolve tensions between the United States and Iran continue to face hurdles.
The Strait of Hormuz remains a focal point for risk assessment, with any escalation threatening to choke off a significant portion of global oil flows.
This repricing reflects a shift in market sentiment as investors recalibrate risk exposure.