Brent crude climbs as markets react to renewed Middle East tensions and supply concerns.
Image: Reuters
Oil prices increased after the United States carried out fresh strikes on Iran, raising concerns about possible disruptions to global energy supplies.
Brent crude futures rose 86 cents, or 1.1%, to $78.88 a barrel as traders reacted to the escalating tensions. Investors remained cautious over potential impacts on oil markets.
Analysts warned that further conflict in the region could increase price volatility. Markets are closely monitoring developments for signs of wider disruption.
