Global oil prices surged on Monday, hitting their highest levels in years as tensions in the Middle East continue to rise and involve more regional and international players.
According to economic reports, Brent Crude jumped more than 3.2%, reaching $116.12 per barrel. This is the highest level since mid-2022, driven by growing fears about disruptions to global energy supplies—especially through the Strait of Hormuz.
At the same time, West Texas Intermediate climbed above the key $100 mark, settling at $102.96 per barrel. Crossing this level is seen as a strong signal that the market is under pressure and could keep moving higher.
Experts say this surge is not just a short-term spike. It is part of a larger trend fueled by rising military activity in critical shipping areas and growing concerns about oil supply disruptions from Gulf countries.
In fact, analysts describe this as the biggest monthly increase in oil prices since 1990.
The main reason is simple: when key shipping routes are threatened or closed, investors quickly react by pushing prices higher. Right now, the risk of limited oil flow from major producers is making markets nervous.
In short, the oil market is on edge, and unless tensions ease, prices could continue climbing in the coming days.
