WTI Crude Nears 6-Month High Amid US-Iran Tensions, Supply Fears

• WTI crude futures climbed to nearly $66 per barrel, highest since August 4, due to escalating US-Iran tensions.
• Fears of supply disruptions in the Middle East are driving the price surge, with Brent crude also rising.
• Reports suggest a potential major US military operation in the region and Israel pushing for regime change in Tehran.
• An escalation threatens oil flows from the Middle East, which accounts for one-third of global output, including the Strait of Hormuz.
• US crude inventories fell by 0.61 million barrels last week, partially supporting prices.