Crude oil prices in the international market have climbed to their highest level since 2022, driven by escalating tensions between the United States and Iran.

Brent crude oil prices surpassed $113 per barrel on Thursday and briefly touched $126, according to international media reports. The surge reflects growing uncertainty in the global energy market.

Reports that former U.S. President Donald Trump is being briefed on potential military actions against Iran have heightened market fears. Additionally, the U.S. has indicated it will continue its naval blockade against Iran, while Iran has warned of retaliation.

Following failed negotiations, the critical oil transit route, the Strait of Hormuz, has been significantly impacted, threatening global oil supply.

Meanwhile, declining crude inventories in the U.S. and exports exceeding 6 million barrels per day have further tightened supply conditions.

Economists warn that rising oil prices could increase inflation, raise production costs, and slow down global economic growth. Prolonged tensions in the Middle East could even push the global economy toward a potential recession.