Doha: Oil prices extended their gains for a third consecutive session on Tuesday, amid mounting concerns over potential supply disruptions in the Middle East. Brent crude futures rose $1.10, or 1.4%, to $78.83 per barrel. US West Texas Intermediate (WTI) crude futures gained 74 cents, or 1%, to $71.97 per barrel.

According to Qatar News Agency, the rise in oil prices is driven by fears of instability in the Middle East, a critical region for global oil supply. Traders are closely monitoring the situation, which has led to increased volatility in the market. The current rally reflects these concerns, as any potential disruptions could significantly impact oil supplies worldwide.

The market's focus remains on how geopolitical tensions may affect future oil production and supply chains. Analysts are keeping a close watch on developments in the region, which could have broader implications for the global energy market. The sustained increase in prices highlights the sensitivity of oil markets to geopolitical factors, particularly in key producing regions like the Middle East.