Islamabad: (RightNow). The Iran-U.S. conflict is leading to a major energy crisis. Crude oil prices have surged to $87 per barrel. WTI prices have exceeded $80 per barrel.

Global financial markets have experienced significant turmoil. Military clashes between the U.S. and Iran have heightened fears of disruptions in oil supply from the Middle East.

Recent clashes have caused a notable increase in crude oil prices. Major stock markets worldwide have shown varied reactions.

Brent crude oil prices have reached $86 to $87 per barrel. The U.S. benchmark West Texas Intermediate has surpassed $80 per barrel.

It should be noted that both prices recorded a 3 to 4 percent increase yesterday, pushing Brent to a one-month high.