Oil prices climbed sharply on Monday, with U.S. crude rising more than $3 per barrel and Brent crude gaining over $5, according to Reuters.
The sudden increase reflects heightened volatility in global energy markets, amid growing concerns over geopolitical tensions and potential disruptions to shipping routes.
Market analysts are closely watching developments in the Middle East, where security risks have intensified in recent days.
The sharp rally adds renewed pressure on global energy-importing economies, while reinforcing expectations of continued price fluctuations in the near term.
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