Oil prices jump to five-month high as attacks threaten global supply
Oil prices rose to five-month high due to attacks on shipping in the Gulf, with Iran's IRGC claiming to have hit four vessels and mined areas near Hormuz. The incidents raise concerns about supply disruptions, prompting market participants to bid up crude. Prices surged amid heightened geopolitical risk affecting global energy markets. Analysts expect volatility to continue as tensions persist.