India, March 9 -- Global oil markets surged into turmoil late Sunday as the price of Brent crude oil climbed above $110 per barrel for the first time since July 2022, marking one of the sharpest single-session moves in recent years and signaling mounting anxiety over the stability of global energy supplies.

Trading data showed Brent crude futures rising as much as 17 percent during volatile trading, briefly touching $110.70 per barrel before easing slightly. By 22:58 GMT, the benchmark North Sea crude was trading around $108.62, still sharply higher compared with the previous session.

The surge reflects growing geopolitical risk in global energy markets, particularly as escalating military tensions in the Middle East threaten critical ...