Oil Prices Surge as US-Iran Fighting Escalates

Crude oil futures closed higher on Wednesday after a volatile trading session. The price increase came as military clashes between the United States and Iran intensified in the Middle East. At the same time, international mediators are working to secure a 10-day ceasefire. They hope this pause will lead both sides back to negotiations. Analysts say the combination of active conflict and diplomatic efforts is creating uncertainty in energy markets. Traders are watching closely for any sign of a disruption to oil supplies from the region.