WTI crude oil futures jumped over 2.8% in pre-market trading as fears of a wider conflict in the Middle East intensified, threatening global supply. The surge was attributed to a series of escalations, including drone attacks on Saudi Arabian oil infrastructure and reports of damage to oil tankers in the Strait of Hormuz. These events have heightened concerns about potential disruptions to the flow of oil from the critical region, adding a significant geopolitical risk premium to prices.