Ammon News - Oil prices rose for a third day on ​Tuesday as threats to shipping ‌heightened fears of supply disruptions from the key Middle East producing region.

Brent crude futures were at $79.44 a barrel, up $1.70, or 2.2%, by 0400 GMT. On Monday, the contract surged to as high as $82.37, its highest since January 2025, though it pared those gains to settle 6.7% higher.

U.S. West Texas ​Intermediate crude jumped $1.17, or 1.6%, to $72.40 a barrel. In the previous session, the contract initially climbed to its highest ​since June 2025 before sliding back to still settle up 6.3%.

Reuters