Global oil prices surged once again following new military strikes by Iran targeting commercial and naval vessels in the Strait of Hormuz, raising fresh concerns over long-term energy supply disruptions through the critical trade corridor.

According to Reuters, Brent crude futures gained 0.82 percent to reach $97.07 a barrel, while West Texas Intermediate (WTI) crude rose 0.87 percent to $92.28 a barrel.

The uptick came after Tehran claimed responsibility for targeting three US-linked vessels and three oil tankers that were allegedly navigating an "unauthorized" route through the strait. Iranian officials stated the strikes were launched in direct retaliation for US military actions that destroyed three Iranian crude tankers. Washington maintained that its initial strikes were a response to prior Iranian attacks on American warships.

Energy markets remain under severe pressure; since the outbreak of the US-Israel conflict with Iran on February 28, Brent crude prices have escalated by more than 30 percent.