India, Oct. 8 -- Global crude oil prices surged on October 8 amid rising concerns over disruptions to oil shipments from the Middle East. Brent crude climbed above $102 per barrel, while West Texas Intermediate (WTI) also moved higher as traders assessed the possibility of further supply disruptions.

The latest rally comes as attacks on shipping in and around the Strait of Hormuz have intensified. The waterway is a critical route for global energy supplies, making any prolonged disruption a major concern for crude markets.

Why Are Crude Oil Prices Rising The key driver behind the recent increase is the growing risk to crude and fuel shipments from the Middle East. Any disruption to shipping through the Strait of Hormuz could tighten glo...