UNITED STATES – Global benchmark Brent crude rose more than 2.7% to USD 90.49 per barrel (USD 90.69 intraday high), while WTI rose 2.8% to USD 85.76 following further weekend military escalation in the Middle East and allegations of a commercial oil tanker colliding with sea mines near regional shipping lanes. The substantial price increase highlights rising geopolitical risk premiums across key shipping corridors, raising concerns about ongoing supply disruptions throughout international refining networks. As benchmark fuel prices rise, industrial customers and energy charterers confront rising operational costs, turning their focus to regional alternative fuel suppliers, refined product supply, and marine security measures.
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(Source: protothema)
