U.S. oil prices surge toward $69 per barrel, reaching their highest level since September 25 as geopolitical risk intensifies. The rally follows renewed threats by Donald Trump toward Iran, raising concerns over potential supply disruptions in the Middle East.
Energy markets react sharply to the escalation, with traders pricing in higher risk premiums amid fears that tensions could impact crude exports or shipping routes. The move underscores oil’s sensitivity to geopolitical developments involving major producers and strategic regions.
Analysts note that recent gains also reflect tightening market conditions and improving demand expectations. However, volatility remains elevated as investors closely monitor political signals that could influence supply balances and short-term price dynamics.
