Oil prices increase by 3.5 percent in the global market

Rising tensions in the Middle East have pushed global crude oil prices sharply higher, increasing pressure on markets and political leaders.

As a result, oil prices climbed by 3.5 percent in recent trading, reflecting growing concerns over supply disruptions. According to international reports, US crude oil has reached $105.3 per barrel. Meanwhile, British crude oil surged to $117 per barrel. This sudden rise has raised alarms among economists and policymakers, as higher energy costs could affect inflation and consumer spending worldwide.

At the same time, Donald Trump held a key meeting with leading energy company executives at the White House. During the meeting, officials reviewed the global oil market situation, especially in light of a possible blockade of Iranian ports. They also discussed oil production levels, shipping routes, and the stability of the gas market.

Furthermore, US officials explored strategies to handle a prolonged crisis. They focused on ways to protect American consumers from rising fuel costs and potential shortages. In addition, the administration emphasized diplomacy and negotiations as the preferred approach toward Iran. However, pressure tactics remain part of the broader policy framework.

On the other hand, Mohammad Baqer Qalibaf warned that ongoing US actions could push oil prices even higher. He suggested that crude prices might soon reach $140 per barrel if tensions continue to escalate.

Overall, the situation remains uncertain. If geopolitical risks persist, global markets may face further volatility. Consequently, governments and energy companies are closely monitoring developments and preparing for possible long-term impacts on supply and pricing.