World · India Bureau
Oil futures climb on Middle East tensions, supply disruption fears
Global crude benchmarks extended gains as fresh security concerns in the Arabian Peninsula heightened worries about potential supply disruptions. Brent and US crude both posted solid advances in early trading.
LSN India ·
International oil markets moved higher in Asian trading hours as geopolitical tensions in the Middle East fuelled fresh concerns about crude supply stability. Brent crude futures climbed 86 cents to $115.74 per barrel, representing a 0.75% gain, while US West Texas Intermediate crude advanced 72 cents to $102.72 per barrel, up 0.71%, as of 0122 GMT. The price movements reflected investor anxiety over potential disruptions to energy flows through one of the world's most critical petroleum transit corridors. Security incidents in the region have repeatedly sparked volatility in global energy markets, with traders closely monitoring developments that could impact production or shipping routes. The gains underscore the persistent premium built into crude prices due to geopolitical risks emanating from the Arabian Peninsula, where a significant portion of global oil supplies pass through vulnerable maritime chokepoints.