Global crude oil prices rose on Monday as renewed exchange of attacks between the United States and Iran heightened concerns over energy supplies, exposing the fragility of the temporary truce between the two countries and raising fresh fears over oil shipments through the Strait of Hormuz.

Brent crude futures gained 58 cents, or 0.8 percent, to reach $72.57 per barrel. Meanwhile, US West Texas Intermediate (WTI) crude increased by 88 cents, or 1.3 percent, to trade at $70.11 per barrel.

The latest gains came after Brent crude recorded a 10.6 percent decline last week, marking its third consecutive weekly loss. Despite the recent recovery, oil markets remain under pressure as investors weigh geopolitical risks against expectations of improving global supply.

Data showed that oil flows through the Strait of Hormuz have increased and reached their highest level since tensions escalated in late February. However, traders remain cautious, as the strategic waterway continues to face uncertainty due to the ongoing conflict.

Analysts at ING said the global oil market remains exposed to several risks. They noted that investors are closely monitoring whether improving supply conditions will be enough to restore balance in the market. The analysts warned that the current sense of calm could prove misleading if supply recovery falls short of expectations.

Industry experts added that oil shipments are still facing several obstacles, including tanker delays, damage to energy infrastructure and production disruptions in some regions. They believe it may take until the end of the year for global oil supplies to fully return to normal levels.

Market participants are expected to closely watch further developments in the Middle East, as any escalation could have a significant impact on global energy prices and supply chains.