Oil prices hit two-month high amid Middle East tensionsPublished on: July 25, 2026 7:01 PM
Pakistan, July 25 -- Global crude oil prices climbed to their highest level in two months as tensions between the United States and Iran fueled supply concerns. Rising geopolitical risks also pushed some physical crude cargoes close to $110 per barrel.
Brent crude, the global benchmark, rose above $105 per barrel during the week. According to LSEG data, dated Brent reached $105.70 per barrel, its highest level since late May.
Read more: Oil prices fall up to 10% in global markets
Meanwhile, North Sea Forties crude increased to $108.77 per barrel, while some physical crude grades approached $110. The gains reflected stronger demand for immediate oil deliveries amid tightening supplies.
Additionally, supply disruptions linked to conflic...
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