Oil prices surge as Middle East tensions escalate

ISLAMABAD: (Web Desk) – Global oil prices moved higher at the start of the week as ongoing conflict in the Middle East continues to disrupt energy supplies and unsettle markets.

The US benchmark, West Texas Intermediate crude oil, rose by 1.86 percent to reach $113.62 per barrel. Meanwhile, Brent crude oil also recorded gains, climbing 1.16 percent to $110.30 per barrel during early trading.

The price surge comes as tensions intensify in the region, particularly around the strategically vital Strait of Hormuz, a key route through which roughly one-fifth of the world’s oil and gas supply passes.

Donald Trump has issued a firm ultimatum to Iran, setting a Tuesday deadline for Tehran to halt hostilities and restore safe passage through the waterway. He warned that failure to comply could result in significant strikes on Iran’s infrastructure, including power plants and bridges.

Motorway police foil major smuggling bid near Khanqah Dogran interchange

Despite the strong rhetoric, Trump later suggested there remains a possibility of a diplomatic breakthrough, expressing optimism that Iran could agree to terms.

The conflict, now in its sixth week since initial strikes involving the United States and Israel, has spread across the region, raising fears of prolonged instability. Iran’s effective disruption of shipping through the Strait of Hormuz has been a major factor driving oil prices upward and increasing pressure on global energy markets.