Global oil prices climbed sharply after rising tensions between Iran and the United States increased fears of a possible disruption in the Strait of Hormuz, one of the world’s most important oil shipping routes.

According to international trade reports, Brent crude oil was trading at around $107 per barrel, while US West Texas Intermediate crude crossed $101 per barrel in global markets. Meanwhile, deals for the UAE’s Murban crude were settled near $106 per barrel.

Energy experts said the worsening security situation in the Middle East has placed heavy pressure on the global energy market. Traders fear that any escalation in the conflict or restrictions in the Strait of Hormuz could disrupt oil supplies and trigger another wave of price increases worldwide.

The Strait of Hormuz is considered a vital route for global oil exports, with a large portion of Middle Eastern crude shipments passing through the narrow waterway every day. Even speculation about possible blockades or military tensions in the region often causes immediate reactions in international oil markets.

The latest surge in crude prices has also raised concerns in Pakistan, where petroleum prices have already been increasing steadily in recent months. Analysts warn that if global oil prices continue to rise, Pakistan may face another hike in petrol and diesel prices in the coming weeks.

Experts believe continued volatility in the international market could increase inflationary pressure and add to economic challenges for oil-importing countries like Pakistan.