Global economic reports released on Saturday show that oil prices have moved higher as tensions rise between the United States and Iran. Traders are worried that the situation could eventually affect oil supplies coming out of the Middle East.
The global benchmark Brent Crude climbed by about 2 percent, closing at $72.48 per barrel. The increase reflects growing concern in energy markets as political tensions between Washington and Tehran continue to build.
Analysts at Barclays said oil prices could move even higher if the situation worsens. According to the bank, Brent crude could reach around $80 per barrel if any serious disruption to global supply occurs.
Barclays explained that the market is already adding what traders call a “risk premium.” This means prices are rising because investors are worried about what might happen, even if supply has not yet been affected. In other words, the fear of disruption is already pushing prices upward.
At the same time, analysts say that rising tensions do not automatically mean oil supplies will stop immediately. Even during periods of geopolitical stress, production and shipping often continue unless the conflict directly affects infrastructure or major shipping routes.
For now, global markets remain cautious. Investors, energy companies, and governments are closely watching developments in the region. Any escalation could quickly influence the flow of crude oil to international markets, which would have ripple effects on energy prices, inflation, and the global economy.
