Oil prices surge on US-Iran tensions, supply disruption concerns

Brent crude futures advanced 87 cents to settle at $95.52 per barrel, representing a 0.92 percent increase in early Asian trading. Concurrently, US West Texas Intermediate crude climbed 80 cents to $91.02 a barrel, marking a 0.89 percent gain.

The price movements reflect growing investor anxiety surrounding the geopolitical situation in the Middle East. Escalating tensions between Washington and Tehran have historically triggered volatility in global energy markets, with traders concerned that any escalation could disrupt crude supplies from one of the world's major oil-producing regions.

Market participants are closely monitoring developments in the region, as any significant disruption to Iranian oil exports or broader Middle Eastern production could tighten global supplies. The gains underscore the sensitivity of crude markets to geopolitical risks, particularly when supply constraints are already a concern for energy-dependent economies across Asia.

Analysts note that while current price movements remain moderate, any further escalation could trigger sharper increases at the pump for consumers and businesses across India and the wider region. Energy prices remain a key inflation concern for policymakers monitoring economic stability.