West Texas Intermediate (WTI) crude oil rose above $85.50 per barrel on [Date] as heightened tensions involving Iran increased fears of supply disruptions in the Middle East. Iran is a major OPEC producer and is located near the Strait of Hormuz, a chokepoint through which about 20% of global oil consumption passes. Heightened military posturing and diplomatic friction have encouraged traders to add a geopolitical risk premium to crude futures. Brent crude also gained, while higher WTI options and futures volumes showed increased hedging activity. Analysts say OPEC+ production cuts, robust demand and low inventories have left the market more sensitive to geopolitical shocks. Higher oil prices could raise fuel costs, add to inflation and complicate decisions for central banks including the Federal Reserve, while sustained energy costs could pressure business margins. Prices may retreat if tensions ease or diplomacy advances, leaving traders focused on further developments.