Pakistan, July 15 -- Global oil prices extended their gains on Wednesday as renewed military tensions in the Middle East raised concerns over potential disruptions to energy supplies, particularly through the Strait of Hormuz, one of the world's most critical oil shipping routes.

Brent crude futures rose 99 cents, or 1.2%, to $85.72 per barrel, while US West Texas Intermediate (WTI) crude gained 64 cents, or 0.8%, to $79.98 per barrel. The latest increase follows a nearly 2% jump in prices during the previous trading session, pushing oil to its highest level in about a month.

Market sentiment has been driven by fears that escalating hostilities could further disrupt global oil exports. The Strait of Hormuz, through which roughly one-fif...