Oil prices climbed following a new series of military strikes between the United States and Iran.
West Texas Intermediate and Brent crude front-month contracts both rose after the U.S. targeted an Iranian military site.
The escalation casts further doubt on any potential peace agreement between the two nations.
Markets reacted swiftly, with crude futures gaining as traders assessed the risk of supply disruptions.
The region remains a key artery for global oil shipments, making any conflict there a direct concern for energy markets.
Analysts warn that continued hostilities could push prices higher in the coming weeks.
The latest strikes mark a significant setback for diplomatic efforts that had shown tentative signs of progress.
Investors will closely monitor any further military actions or diplomatic breakthroughs in the days ahead.
