Oil prices rose sharply by almost 5% after the American attacks on Iran, amplifying fears about energy supply.

Oil prices rose significantly on Tuesday, by about 5%, following the attacks launched by the United States on targets in Iran, thereby increasing tensions in the Middle East.

Brent crude reached $94.52 per barrel, while West Texas Intermediate (WTI) hit $90.03 per barrel, the highest level since July 24.

The U.S. Central Command confirmed that American forces attacked targets of the Islamic Revolutionary Guard Corps in Iran, in response to Iran's attempts to attack commercial vessels in the Strait of Hormuz. The tensions were heightened by an incident in which a tanker was hit by three projectiles near the coast of Oman.

Additionally, Iran attacked two American bases in Jordan in retaliation for the U.S. attacks.

Although military escalation is evident, both sides seem to avoid a large-scale conflict, and the Iranian president has left the door open for negotiations.

Analysts suggest that the American attacks aim more at breaking the deadlock than at a fundamental change in strategy.

Washington continues to impose economic sanctions on Tehran, affecting global energy supply.