Pakistan, July 14 -- Oil prices climbed to their highest level in a month on Tuesday as the United States and Iran intensified military attacks around the Strait of Hormuz, raising fears of disruptions to global energy supplies. The renewed escalation has increased uncertainty over crude shipments through one of the world's busiest oil transit routes. Analysts warned that prolonged conflict could drive prices even higher.

Brent crude futures rose 1.8 percent to $84.80 per barrel, while US West Texas Intermediate gained 2.2 percent to $79.84. Both benchmarks had earlier surged by more than $2 a barrel before trimming gains. Brent also recorded its biggest daily increase since May 2020 during the previous trading session, reflecting height...