Oil prices rose sharply in recent trade, with Brent crude and West Texas Intermediate crude jumping about $2 a barrel, Reuters reported. This strong rise in energy prices comes in light of the uncertainties and uncertainty surrounding geopolitical developments and concerns related to war with Iran, which has increased the markets' concern about the possibility that oil supplies and global supply chains will be affected.

Oil prices rose sharply in recent trade, with Brent crude and West Texas Intermediate crude jumping about $2 a barrel, Reuters reported. This strong rise in energy prices comes in light of the uncertainties and uncertainty surrounding geopolitical developments and concerns related to war with Iran, which has increased the markets' concern about the possibility that oil supplies and global supply chains will be affected.