Global crude oil prices continued their upward trend on Thursday as growing tensions in the Middle East increased concerns about possible disruptions to international energy supplies. Investors are closely watching developments across key shipping routes, with any prolonged disruption potentially putting further pressure on oil markets.
According to international media reports, Brent crude gained around one percent during Thursday’s trading session, reaching $108.68 per barrel. The rise reflects growing market concerns that escalating regional tensions could affect the movement of crude and other energy products through strategically important waterways.
US West Texas Intermediate (WTI) crude also recorded a significant increase. The benchmark climbed 6.7 percent to around $103 per barrel, reaching its highest level since mid-May. The sharp movement highlights how quickly geopolitical developments can influence oil prices and investor sentiment.
Reports also indicated that Murban crude was trading at approximately $122 per barrel in the international market. The difference between benchmark prices reflects varying market conditions and the heightened risk premium being applied to crude amid uncertainty surrounding regional supply routes.
Concerns have intensified following reports involving Yemen’s Houthi forces and developments around the port city of Mocha. At the same time, reports of additional vessels being targeted in the Strait of Hormuz have raised fresh concerns about the security of one of the world’s most important energy corridors.
The Strait of Hormuz is particularly important for global oil markets because a substantial volume of internationally traded energy supplies passes through the waterway. Any prolonged disruption could increase transportation costs, tighten available supplies and potentially push crude oil prices higher.
