Oil Prices Jump to Highest Level Since September. Oil prices moved sharply higher on Thursday as fears of a possible United States military strike on Iran increased uncertainty in global energy markets. Investors reacted quickly to rising geopolitical tension in the Middle East, a region that plays a major role in global oil supply. Any risk of conflict in this area usually pushes oil prices upward.
Brent and WTI Record Strong Gains
Brent crude futures rose by $1.61, or 2.35 percent, reaching $70.01 per barrel by 06:20 Pakistan Standard Time. At the same time, US West Texas Intermediate crude increased by $1.55, or 2.45 percent, to $64.76 per barrel. These gains reflected strong buying interest as traders priced in potential supply risks.
Later in the day, oil prices continued to climb. By 8:20 PM PKT, Brent crude was up 4.11 percent, or $2.81, trading at $71 per barrel. WTI also gained 3.89 percent, reaching $65 per barrel. Both benchmarks showed strong upward momentum throughout the trading session.
Highest Levels Since September 2025
With these gains, both Brent and WTI have now risen more than 5 percent since Monday. Oil prices are currently trading at their highest levels since September 29, 2025. This sharp rise highlights how sensitive energy markets are to political developments, especially those involving major oil-producing regions.
US–Iran Tensions Drive Market Sentiment
Market sentiment has been heavily influenced by rising tensions between the United States and Iran. US President Donald Trump has increased pressure on Iran to halt its nuclear program. This includes warnings of possible military action if demands are not met. Reports of a US naval group arriving in the region have further raised concerns about the safety of key oil supply routes.
Iran’s Role in Global Oil Supply
Iran is a major oil producer and ranks as the fourth-largest producer within the Organization of Petroleum Exporting Countries. The country produces around 3.2 million barrels of oil per day. Any disruption to Iranian exports or shipping lanes in the region could tighten global oil supplies and push prices even higher.
Growing Fears of Escalation
Investors are increasingly expecting further escalation after reports suggested that the US administration may target Iranian security forces and leadership. Such developments have added a risk premium to oil prices, as traders prepare for possible disruptions in production or transportation.
Energy Markets Remain on Edge
Energy markets remain highly sensitive to developments in the Middle East. Even limited conflict in the region can have a large impact on oil prices because of the area’s importance to global energy flows. As long as geopolitical uncertainty continues, oil prices are likely to remain volatile.
Conclusion
Oil prices have surged to their highest levels since September 2025 as fears of supply disruptions grow amid rising US–Iran tensions. Strong gains in both Brent and WTI reflect investor concern over potential conflict in the Middle East. With Iran’s key role in global oil production and increasing geopolitical risks, energy markets are expected to stay under pressure in the coming days.
