India, March 2 -- By Nikhil Dedha

New Delhi [India], March 2 (ANI): Brent crude prices have surged around 10 per cent amid escalating tensions in the Middle East following ongoing military confrontation between Iran and the United States after the killing of Iran's Supreme Leader Ayatollah Ali Khamenei.

Brent crude rose to as high as USD 78.52 per barrel, marking a sharp rise in prices as markets reacted to rising geopolitical risks in the region.

Ajay Bagga, Banking and Market Expert, told ANI that the confrontation between Iran and Israel has shifted from deniable operations to overt kinetic signalling, a transition that carries global implications.

"The most critical variable is not tactical military superiority. It is energy logis...