Tehran, June 23 (V7N) – Global energy markets reacted sharply following U.S. airstrikes on Iranian nuclear facilities, with crude oil prices surging amid fears of escalating conflict in the Middle East.

On Sunday night, just a day after the U.S. launched precision strikes on Iranian sites, the price of crude oil futures climbed significantly in U.S. trading. West Texas Intermediate (WTI) crude rose by 3.6%, reaching $76.47 per barrel. Brent crude, the international benchmark, saw a 3.2% increase, climbing to $74.59 per barrel.

Analysts attribute the price surge to heightened geopolitical tensions and fears of potential supply disruptions, particularly in the Strait of Hormuz—through which a significant portion of the world's oil passes. Energy markets are expected to remain volatile in the coming days as investors monitor Iran’s response and possible further escalation.

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