Oil rally intensifies amid escalating attacks on energy infrastructure

Crude oil prices extended gains for a third straight session, with WTI trading above $96 per barrel and Brent surging past $114, as escalating Middle East tensions heightened fears of supply disruptions. Prices have rallied by around 50% since the onset of the Iran conflict, which has effectively disrupted flows through the Strait of Hormuz and forced key producers to curb output. Fresh attacks on major energy infrastructure, including LNG facilities, further intensified supply concerns, keeping markets on edge. Back home, MCX crude oil futures also moved higher, rising around 1% to trade near ₹9,084 per barrel, tracking strong global cues.

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