Oil Hits Near $99 as U.S.-Iran Strikes Rattle Saudi Oil Sites

Oil prices climbed Tuesday, pushing Brent crude close to $99 a barrel, as investors reacted to fresh U.S. and Iranian strikes over the weekend. The attacks targeted Saudi energy facilities, reigniting fears of supply disruptions across the Middle East. The jump reflects mounting concerns that the conflict could widen and choke off oil exports from the region. Analysts say the market is now pricing in a higher risk of prolonged instability near key shipping routes. No official statements from Saudi or U.S. authorities were included in the initial report, and it remains unclear if production was hit directly. Still, traders moved quickly, sending futures to their highest level in weeks. For consumers, the rise may signal higher fuel costs ahead if the situation does not de-escalate. For now, all eyes are on any further military moves that could push prices past the $100 mark.