Oil prices have recorded their third consecutive weekly gain, the longest streak since June, driven by escalating geopolitical tensions. According to Bloomberg Markets, the surge is fueled by Iran's intensified crackdown on widespread protests and US President Donald Trump's threats of repercussions against the Iranian regime. These events raise fears of potential supply disruptions from the Middle East, a critical region for global oil production.

The instability in Iran, coupled with diplomatic friction with the United States, creates significant volatility in energy markets. Investors are closely monitoring the situation, as any escalation could impact crude oil exports, influencing global fuel costs and economic stability. This rally highlights the sensitivity of oil prices to political unrest and the potential for supply shocks.