Crude oil prices experienced a significant surge on Thursday, climbing more than $1 per barrel as markets reacted to recent U.S. military action against Iranian targets, even as diplomatic discussions continue between the two countries.
West Texas Intermediate crude futures jumped $1.42, representing a 1.6% increase, reaching $90.10 per barrel by 2328 GMT. This sharp rise followed a substantial 5.55% decline in the prior trading session.
The price volatility reflects market concerns over potential supply disruptions as military tensions persist alongside ongoing peace negotiations between Washington and Tehran.
