Iran Threatens Oil and Gas Infrastructure in Escalating Tensions

Oil prices continued their upward trend on Tuesday as investors remained cautious about potential disruptions to Middle East energy supplies. Brent crude held above $97 a barrel, with U.S. West Texas Intermediate (WTI) crude futures rising 2.9% to $94.14 per barrel.

The gains came after Iran warned that it could target oil and gas infrastructure across the Gulf in retaliation for attacks on its assets. Iranian Parliament Speaker Mohammad Baqer Qalibaf said,