Oil prices are rising sharply as the widening conflict between Iran and the United States disrupts energy supply routes and heightens fears of a prolonged regional crisis. Brent crude climbed roughly 2–3% to around $83–84 per barrel, while U.S. West Texas Intermediate rose above $77, reflecting growing market concerns about potential supply shortages and tighter global inventories. The rally comes as tanker traffic through the Strait of Hormuz declines and several ships are stranded or avoiding the region amid missile attacks and maritime incidents, raising the risk of major export disruptions from Gulf producers. Analysts warn that prolonged disruptions could remove significant volumes of crude from global markets and push prices toward $100 per barrel, with ripple effects on inflation, fuel prices, and global economic growth.