Global oil prices moved higher at the start of the week after renewed geopolitical tensions in the Middle East triggered concerns over energy supplies. Brent crude rose above $81 per barrel, while West Texas Intermediate (WTI) traded near $79, following reports that Iran had once again closed the strategically important Strait of Hormuz.
Global financial markets witnessed sharp volatility on Monday after Iran launched multiple missile strikes toward Israel, escalating tensions in West Asia and raising concerns about disruptions to global energy supplies.
