Oil extends gains as Iran-U.S. tensions raise concerns over supply disruptions

Oil prices climbed Thursday as escalating tensions between Iran and the U.S. sparked fears of potential supply disruptions from one of the world's key oil producers. Fresh military strikes by the U.S. on Iran have heightened global anxieties about the stability of Middle Eastern oil routes. This situation underscores the delicate balance of global energy markets, where geopolitical conflicts can have immediate and significant economic impacts. Investors are closely watching the situation as it could lead to further price volatility.