Oil prices rose as geopolitical tensions escalated, particularly following Ukraine’s drone attacks on Russian oil infrastructure and Iran’s seizure of a tanker near the Strait of Hormuz. West Texas Intermediate increased by 2.4%, reflecting concerns over the potential disruptions to oil flows, which are critical given that about 20% of global oil passes through this chokepoint. The situation is compounded by impending U.S. sanctions against major Russian oil firms, which are expected to further influence market dynamics. Analysts suggest that these developments highlight the fragile nexus between energy security and geopolitical stability, underscoring the intricate relationship between military actions and global oil supply.