Oil Surges to Six-Month High Amid Rising US-Iran Tensions

Oil prices climbed to their highest levels since August 2025 on Thursday, fueled by escalating tensions between the US and Iran. West Texas Intermediate (WTI) traded around $66.35 per barrel, extending gains from a sharp rally earlier this week. Brent crude also followed suit, reaching $71.55 per barrel.


The surge reflects growing concerns over potential disruptions to oil supplies in the Middle East. Any escalation in the region, especially around the Strait of Hormuz—which handles a significant portion of global oil shipments—could further tighten markets and lift prices.


Investors are closely watching diplomatic developments, with hopes for meaningful agreements balanced against the risk of conflict. While uncertainty remains, oil has remained a key focus for markets as a sensitive indicator of geopolitical risk.
Analysts say the coming days will be crucial in determining whether prices continue climbing or settle back amid cautious trading.