Oil prices rose in Asian trading on Wednesday, pushing Brent crude above $92 per barrel for the first time this month. The increase followed an Iranian attack on US radar and air defence systems in the Gulf.
At around 3:30 a.m. Erbil time, Brent crude gained 1.2% and reached $92.09 per barrel. This marked its highest level since June 11 and the strongest price recorded in more than one month.
At the same time, West Texas Intermediate, the main US oil benchmark, increased by 1.1% to $85.23 per barrel.
The latest rise came as fighting between the United States and Iran intensified across the Middle East. Tehran increased its attacks on Tuesday after the conflict entered a new phase.
Iran also announced that its forces had targeted and stopped two oil tankers in the Strait of Hormuz. Iranian authorities claimed that the vessels had failed to follow official instructions.
The Strait of Hormuz remains one of the world’s most important energy routes. Before the conflict disrupted shipping, around one-fifth of global oil supplies passed through the narrow waterway each day.
The current war began in February after the United States and Israel launched joint attacks on Iran. Since then, Tehran has repeatedly threatened to close the Strait of Hormuz completely. Iranian officials view the route as a powerful tool for applying pressure on their opponents.
Any closure or prolonged disruption could reduce global oil supplies and raise transport and insurance costs. It could also create new problems for countries that depend heavily on Gulf energy exports.
Traders are now closely following military developments and shipping activity in the region. Continued attacks could push prices higher, while any ceasefire or reduction in tensions may ease pressure on energy markets. For now, uncertainty continues to support prices across global crude oil markets.
