Brent Crude Surpasses $92 a Barrel as U.S.-Iran Tensions Push Oil Prices Higher

LONDON: Global oil prices continued to climb on Wednesday as escalating military tensions between the United States and Iran fueled concerns over energy supplies, with **Brent crude rising above $92 per barrel**.

According to **Reuters**, Brent crude futures gained **$1, or 1.1%**, to reach **$92.01 per barrel**, while **U.S. West Texas Intermediate (WTI)** crude increased by **82 cents, or nearly 1%**, to trade at **$85.16 per barrel**.

The report noted that global oil prices had already closed at their highest levels in five weeks on Tuesday, with **Brent settling at $91.01 per barrel** and **WTI ending at $84.91 per barrel**.

Market analysts said the latest price surge has been driven by intensifying military operations between Washington and Tehran. Reports of U.S. strikes in southern and western Iran, along with Iranian claims of targeting U.S. facilities in **Bahrain, Kuwait, and Jordan**, have heightened uncertainty in global energy markets.

Analysts warned that continued instability in the Middle East and concerns over potential disruptions to oil shipments through the **Strait of Hormuz** could keep upward pressure on crude prices. Economists also cautioned that if regional tensions persist, volatility may spread beyond oil to other global energy markets.