Muscat: US West Texas Intermediate crude climbed $1.95, or 2.8 percent, to $72.39 a barrel, as markets reacted to the latest escalation between Washington and Tehran.
The rise came after the US military launched a series of attacks on Iran, triggering concerns that the already fragile truce could collapse and further disrupt energy markets.
Crude prices had already gained in the previous session, with West Texas Intermediate settling 2.8 percent higher before continuing to rise in post-settlement trading.
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The latest increase also followed the United States’ decision to cancel a general license that had allowed the sale of Iranian crude, a move that added fresh pressure to oil supply expectations.
