Oil Jumps as Middle East Tensions Ignite Supply Fears

Crude prices are seeing a sharp rise today, with WTI trading at $68.52 per barrel, up 1.26%, and Brent crude at $72.27 per barrel, up 0.94%. These gains are driven primarily by escalating tensions in the Middle East, particularly the intensifying conflict between Israel and Hezbollah. This volatility is prompting fears of further disruptions to oil supply and maritime routes. Israel recently launched an airstrike targeting Hezbollah's central headquarters in Beirut, marking the heaviest attack in almost a year of ongoing conflict. Although the…