Pakistan, June 8 -- Global oil prices climbed sharply on Monday as renewed military tensions in the Middle East raised concerns about energy supplies and regional stability. Brent crude rose by more than $3 per barrel, while US crude also posted strong gains after fresh developments increased fears of a prolonged conflict affecting key oil-producing regions.

Markets initially reacted to Israel's latest strikes in Lebanon, which renewed uncertainty over efforts to reduce hostilities in the region. Investor concerns intensified further after reports of explosions in several Iranian cities, including Tehran, Tabriz and Isfahan. These developments weakened expectations of an early diplomatic breakthrough and heightened worries about disrupti...