Oil prices experienced an increase amid escalating tensions in the Middle East, following a series of U.S. military actions against Iran.
The United States conducted strikes on Iran for a third consecutive night. This escalation follows President Trump's earlier announcement of a multi-day wave of attacks and the implementation of a new blockade targeting Iranian trade routes through the Strait of Hormuz.
The intensified conflict and the disruption of key shipping lanes have directly contributed to the rise in oil prices, as markets react to potential impacts on global supply.