Global oil prices surge amid rising US-Israel-Iran tensions

Escalating tensions in the Middle East, following attacks by the United States and Israel on Iran, have unsettled global markets, driving crude oil prices higher.

According to the latest data, U.S. crude oil surged by $3.21, reaching $115.59 per barrel, while Brent crude rose by $1.76 to $111.53 per barrel.

In the international commodities market, natural gas is trading at $2.79 per unit.

Market analysts warn that if hostilities in the Middle East intensify further, oil prices could climb even higher, posing significant challenges to the global economy.