Oil prices experienced a significant surge following U.S. military strikes in Iran, briefly pushing Brent crude above $95 a barrel and West Texas Intermediate towards $93. The price increase reflected concerns about potential disruptions to oil supply in a volatile geopolitical landscape. The strikes were described as a limited campaign, and oil prices subsequently moderated, though remaining elevated. Market analysts suggest the situation remains sensitive to further escalation. The initial jump indicated investor fears regarding a wider conflict in the Middle East, a key oil-producing region. While gains were partially reversed after the strikes concluded, the incident underscores the market’s vulnerability to geopolitical events. The price fluctuations highlight ongoing tensions and uncertainty in the global energy market.