Oil prices rise as supply concerns grow following US military action in Iran amid geopolitical tensions.
West Texas Intermediate crude oil rebounded to $90.60 per barrel, recovering from four consecutive days of losses. The gain follows US military strikes in southern Iran, raising concerns over potential supply disruptions in the region.
Prices had declined earlier in the week amid broader market volatility and easing demand expectations. The latest move reverses that trend as geopolitical risks resurface, with traders monitoring developments in the Middle East closely.
No immediate market reaction data was provided, but oil futures typically respond swiftly to escalations in key producing regions.