New Delhi, April 6 -- Global crude oil markets have once again tightened, with rising prices threatening to weigh on economies across the world. In recent months, supply disruptions and distribution bottlenecks have driven up energy costs. Oil prices stayed elevated amid fears that the Iran war may drag on longer than anticipated and further disrupt global energy supplies. Brent crude futures increased by $1.71, or 1.6%, reaching $110.74 per barrel. Meanwhile, US West Texas Intermediate crude futures rose above $115 per barrel.

Back home, crude oil prices on Multi Commodity Exchange (MCX) were also trading marginally higher by 0.16% at Rs.10,422 per barrel.

Against this backdrop of rising prices and mounting supply uncertainty, global b...