Global crude oil prices recorded another sharp increase this week as growing tensions between Iran and the United States triggered fresh fears of supply disruptions in international energy markets.

According to foreign media reports, uncertainty surrounding the strategically important Hormuz Strait has fueled concerns among investors and energy traders, leading to a strong rally in oil prices.

Brent crude surged by 3.35 percent to reach $109.26 per barrel, while US West Texas Intermediate (WTI) crude climbed 4.2 percent and settled at $105.42 per barrel.

Market data showed that during the past week alone, Brent crude prices jumped nearly 7.8 percent, while WTI crude recorded an increase of more than 10 percent. Analysts say the sharp rise reflects growing uncertainty and fears of instability in the Middle East region.

Energy experts noted that nearly one-fifth of the world’s oil and gas supplies pass through the Hormuz Strait, making it one of the most critical global trade routes for energy transportation. Any threat to shipping activity in the area can immediately impact global supply chains and fuel prices.

Concerns intensified after reports of possible attacks on commercial vessels operating near the region. Meanwhile, US President Donald Trump adopted a tough stance against Iran, warning that Washington was “losing patience.”

Iran, on the other hand, signaled readiness for both negotiations and possible conflict, adding further uncertainty to the already volatile situation.

Experts warn that if tensions continue to escalate, oil prices may rise even further, increasing inflationary pressure and economic challenges across the world.