Global oil prices rose sharply on Monday after renewed military tensions between the United States and Iran, coupled with Israel’s decision to push further into Lebanon, heightened concerns over energy supplies from the Middle East. Brent crude climbed above $93 per barrel, while US West Texas Intermediate (WTI) crude rose above $90, reversing some of the losses recorded in recent weeks.

The market reacted after the US said it carried out “self-defence strikes” on Iranian radar and drone-control facilities, prompting retaliatory action from Tehran. At the same time, Israel expanded military operations against Hezbollah in southern Lebanon despite a ceasefire announced earlier this year, raising fears of a broader regional conflict.

Energy traders are increasingly worried that escalating hostilities could threaten key oil transit routes, particularly the Strait of Hormuz, through which a significant portion of the world’s crude oil passes. Any disruption to shipping in the region could tighten global supplies and push prices even higher.

Analysts note that geopolitical risks are once again becoming the primary driver of oil markets, overshadowing concerns about weaker demand from major economies. While diplomatic efforts between Washington and Tehran continue, uncertainty surrounding a potential agreement has kept investors on edge.