Oil prices climbed about 1.5 on Thursday, marking a third consecutive session of gains, as growing fears of a possible U.S. military strike on Iran heightened concerns over potential supply disruptions in the Middle East.
Brent crude futures rose 94 cents, or 1.4, to 69.34 a barrel by 0730 GMT, while U.S. West Texas Intermediate WTI crude advanced 92 cents, or 1.5, to 64.13 a barrel. Both benchmarks have gained roughly 5 since Monday and are trading at their highest levels since September 29.
The rally has been driven largely by escalating geopolitical tensions after U.S. President Donald Trump intensified pressure on Iran over its nuclear programme, including threats of military action. The arrival of a U.S. naval group in the region has further fuelled market anxiety.
