New Delhi, March 7 -- Crude oil prices shot up sharply, reportedly after the US President Donald Trump sought what he called "unconditional surrender" from Iran, intensifying worries about a prolonged conflict that could disrupt global energy supplies.

Crude Oil WTI Futures were 12.2 per cent up at USD 90.90 at the time of filing this report. It has seen its biggest weekly gain since April 2020, as per reports.

Escalating tensions in Iran and the wider West Asia region have intensified concerns over global crude oil supplies, with experts warning of sustained volatility that could potentially impact global energy sector, including India.

Apurva Sheth, Head of Market Perspectives and Research, SAMCO Securities said it seems that the ong...