Brent crude climbed toward $118 a barrel, reaching its highest level since April, while West Texas Intermediate hovered near $105. The surge came after a top commander briefed President Donald Trump on possible military options, according to the Wall Street Journal.
The prospect of renewed airstrikes against Tehran has heightened tensions in the region, with markets reacting to the potential impact on oil flows. President Trump has hinted at restarting strikes after the midterm elections next week, adding to the uncertainty. Analysts warn that any escalation could further destabilize the region and disrupt energy markets.