Global oil prices moved higher after attacks on two oil tankers in the Red Sea heightened concerns over potential disruptions to crude oil shipments through one of the world’s most important energy trade routes.
Brent crude rose as much as 2.6%, trading near US$96 per barrel, while West Texas Intermediate (WTI) climbed above US$88 per barrel, extending gains from the previous trading session.
According to reports, two Saudi-linked tankers were targeted during the incident. Maritime monitoring agencies confirmed that one vessel sustained damage and experienced a fire onboard, while another continued its voyage under its own power.
The attacks have increased concerns about the security of shipping routes connecting the Red Sea and the Middle East, which are critical corridors for global crude oil exports. Any disruption to these routes could affect the movement of oil supplies and place additional pressure on international energy markets.
Market analysts noted that growing uncertainty surrounding maritime transport has contributed to higher oil prices, with traders closely monitoring developments that could influence global supply and demand balances.
The latest incident comes as crude markets remain sensitive to supply risks, shipping disruptions and geopolitical developments across the Middle East. Continued uncertainty has supported stronger oil prices, with some analysts suggesting that prolonged disruptions to regional export routes could tighten global supplies further.
Energy companies, traders and shipping operators are expected to continue monitoring the situation as the industry assesses its potential impact on crude exports, freight costs and global energy security.
