Pakistan, May 18 -- Global oil prices climbed to their highest levels in nearly two weeks on Monday after a drone attack targeted a nuclear power facility in the United Arab Emirates (UAE), raising concerns over further instability in the Middle East and disruptions to energy supplies.

Read More: Pakistan fuel prices surge sharply after global oil shock

Brent crude futures rose by $2.01, or 1.84%, to $111.27 per barrel in early trading after touching $112, their highest level since May 5. Meanwhile, US West Texas Intermediate crude gained $2.33, or 2.21%, to reach $107.75 per barrel after earlier climbing to $108.70, its strongest level since April 30.

The market rally came as efforts to secure a peace deal related to the ongoing Iran ...