Global Oil Prices Surge Amid Geopolitical Tensions

Global crude oil prices have risen sharply amid escalating geopolitical tensions and growing concerns over supply disruptions.

Market analysts attribute the increase to strong rhetoric from Donald Trump, fears surrounding a potential closure of the Strait of Hormuz, and the ongoing negative impact of tensions involving Iran.

In international markets, Brent Crude prices climbed by 2.2 percent, reaching $111.43 per barrel. Meanwhile, West Texas Intermediate (WTI) crude rose by 2.7 percent to $114.57 per barrel.

Experts warn that continued instability in key oil-producing regions could push prices even higher in the coming days.