Global oil prices moved sharply higher after Donald Trump signaled that the conflict with Iran would continue, raising fears of prolonged instability in the region.

Following his remarks, international crude markets reacted immediately. The price of Brent crude, a key global benchmark, surged by around 4%, reaching $105.55 per barrel. Meanwhile, US West Texas Intermediate (WTI) crude also rose by nearly 3%, climbing to $103 per barrel.

Market analysts say the sudden increase reflects growing concerns over potential disruptions in oil supply, particularly from the Middle East, which remains a crucial hub for global energy exports. Any escalation in conflict involving Iran could directly impact oil shipping routes and production levels.

In a recent public address, Trump stated that military operations against Iran would continue until all strategic objectives are achieved. He further indicated that more intense attacks could take place within the next two to three weeks, adding to market uncertainty.

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Experts note that geopolitical tensions often drive oil prices higher, as traders anticipate risks to supply chains. The Strait of Hormuz, a vital passage for global oil shipments, remains under close watch amid rising tensions.

The latest surge in oil prices could have a ripple effect worldwide, potentially increasing fuel costs for consumers and adding pressure on inflation in many countries, including Pakistan.