Afghanistan, March 17 -- Oil prices continued to rise in early trading as the conflict involving Iran entered its third week, with no clear signs of de-escalation and increasing uncertainty across global energy markets.
Brent crude climbed above 106 dollars per barrel while US West Texas Intermediate reached more than 102 dollars, reflecting strong investor reactions to escalating geopolitical risks and instability.
The price surge followed United States strikes on Iran's key oil export hub on Kharg Island, where military infrastructure was targeted, raising fears about potential disruptions to global oil supplies.
President Donald Trump has stepped up pressure on allies to contribute to securing the Strait of Hormuz, stressing the impor...