Oil prices surge as geopolitical tensions rise, with Israel possibly escalating actions further.

On Thursday,Top ten foreign exchange platform inquiries international crude oil prices surged again, with oil prices maintaining a volatile rebound in the Asian session. Previously, tensions between Israel and Iran continued to escalate, with the market closely watching Israel's response. There is concern that if Israel carries out a military strike on Iranian oil facilities, the oil supply chain could be disrupted, leading to significant price fluctuations. Currently, the United States and Gulf countries have expressed concern over the situation, hoping to avoid an escalation of conflict. Nevertheless, comments from Israeli Prime Minister Netanyahu suggest that Israel has not ruled out the possibility of such action.

Brent crude saw significant gains in the overnight session, with intensified concerns about supply disruptions leading to a rapid widening of the Brent crude spread. Market traders believe short-term price volatility will continue, especially in the absence of a clear turning point in the Middle East situation, where geopolitical risks will continue to drive high oil prices.

Moreover, market attention is focused on the tensions between Israel and Iran, especially after recent Iranian missile attacks, as there is concern that an Israeli retaliation could trigger a broader conflict. This uncertainty exacerbates price fluctuations driven by the news, requiring investors to closely monitor future geopolitical developments.

Recent data shows WTI crude futures rose by $2.28 to $75.85 per barrel, while Brent crude increased by $2.22 to $79.4 per barrel. At the same time, the U.S. September CPI report indicated inflation was slightly higher than expected, and the Federal Reserve is considering the direction of monetary policy in the coming months, adding more variables to oil price trends under this backdrop.

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