Crude oil prices experienced a fourth consecutive day of gains, driven by escalating tensions between the United States and Iran. The US has intensified its military actions against Iran, a move aimed at ensuring the safe passage of vessels through the strategically vital Strait of Hormuz.

This increased military activity has raised concerns about potential disruptions to global oil supplies, which in turn has supported the upward trend in oil prices. Traders are closely monitoring the situation for any further developments that could impact the flow of crude from the Persian Gulf region.

The ongoing conflict and its implications for energy markets are expected to remain a key focus for investors and analysts in the coming days, with geopolitical risks continuing to be a significant factor influencing market sentiment and price movements.