Oil prices jumped sharply on Tuesday as escalating geopolitical tensions involving Iran and fresh reports of attacks on oil tankers rattled energy markets.
Brent crude rose nearly 3% to around $66 a barrel, its highest level since October, after U.S. President Donald Trump intensified pressure on Iran’s leadership and voiced support for protesters opposing the regime. Trump also warned he would impose 25% tariffs on goods from countries doing business with Iran, adding to concerns over potential supply disruptions.
Market nerves were further unsettled by reports of unidentified drone strikes on three oil tankers in the Black Sea...