Brent crude oil prices have surged by approximately 20% during June, positioning the commodity for its most significant monthly increase since 2020. The escalating tensions between Israel and Iran have significantly impacted oil supply concerns, driving prices upward. Analysts suggest this uptick reflects the market’s reaction to geopolitical risks that could affect global oil supplies. Stakeholders in the commodities market should remain vigilant as such tensions often have ramifications on market dynamics. Investors must pay attention to how developments in the Middle East could continue to shape oil prices moving forward.