Global Oil Markets Tremble as Middle East Conflict Intensifies

US, May 12 : Fresh military escalation in the Middle East triggered sharp volatility in global energy markets between May 11 and May 12, raising fears of a prolonged supply disruption across international oil and gas trade routes.

Crude prices climbed significantly after renewed attacks near strategic Gulf shipping corridors heightened concerns over tanker security. Analysts warned that any prolonged disruption in maritime transport through the Strait of Hormuz could impact nearly one-third of global seaborne oil trade.

Several Asian economies dependent on imported fuel, including India, Japan and South Korea, reportedly reviewed emergency energy measures and strategic reserves. Insurance premiums for commercial tankers operating in the Gulf also rose sharply.

Energy experts cautioned that sustained instability could reignite global inflation pressures just as many economies were beginning to stabilise after years of supply chain disruptions and high interest rates.

Governments across Europe and Asia are now accelerating discussions on energy diversification, renewable investments and long-term supply agreements to reduce vulnerability to geopolitical shocks.