Dubai: (Right Now News) The ongoing conflict in the Middle East has led to an increase of over 2% in global crude oil prices.

Brent crude oil prices have reached $107 per barrel, while WTI prices have climbed to $96 per barrel.

Tensions between the US and Iran in the Strait of Hormuz have contributed to this price increase.

This development has reduced concerns about disruptions in oil supply from the Middle East, bringing stability to prices.

It is important to note that fluctuations in global oil prices are dependent on the situation in the Middle East.