Oil trades near six-week high as Middle East tensions raise supply concerns

Oil prices traded near six-week highs as geopolitical tensions in the Middle East sparked concerns about potential supply disruptions. Brent crude futures for September delivery rose 3.4% to $94.13 per barrel, while U.S. West Texas Intermediate crude futures gained 3.7% to $87.42 per barrel. Both benchmarks were on track for their fourth consecutive day of gains and stood at their highest levels since June 11.
Military operations continued to escalate the broader conflict, with U.S. forces cond