Oil prices increased in Monday's global market trading, driven by geopolitical developments that have left traders concerned over the supply situation.

Iran's capital market sustained its robust upward momentum on the second trading day of the week, with the Tehran Stock Exchange (TSE) benchmark index surging by over 83,000 points to cross the four-million milestone, buoyed by a comprehensive state-backed regulatory and support package.

As Iran's southern ports have faced challenges due to the naval blockade in the Strait of Hormuz over the past two to three months, an opportunity has emerged for a fundamental shift in trade from the south to the north of the country. According to the managing director of Iran's Ports and Maritime Organization, the share of northern ports in importing essential goods has increased by 14 percentage points, reaching 32 percent.

Renewable energy capacity in Iran has increased by over 150 percent since the start of the 14th government, with plans underway to achieve 30,000 megawatts under the Seventh Development Plan.

An Iranian civil aviation official says 20 airports across the country have successfully resumed operations following the recent US-Israeli aggression.

The head of the International Energy Agency (IEA) has warned that commercial oil inventories are depleting rapidly and that the world only has a few weeks' worth of oil reserves left due to the situation in the Strait of Hormuz caused by the US-Israeli aggression against Iran.

According to Pakistani media reports, authorities at Port Qasim in Karachi announced the arrival of the third shipment of Qatari Liquified Natural Gas (LNG) in Pakistan after successfully transiting the Strait of Hormuz.

The latest monthly report from the Organization of the Petroleum Exporting Countries (OPEC) reveals that Iran maintained its position as one of the group's leading oil producers in April, alongside Saudi Arabia.

Despite earlier reports suggesting the Qatari gas tanker "Mihzem" had been turned back, Western media outlets reported on Tuesday that the vessel has successfully cleared the Strait of Hormuz and registered its position in the Sea of Oman.

The United States is releasing 53.3 million barrels of crude oil from its Strategic Petroleum Reserve to energy companies in an attempt to calm global markets shaken by the war against Iran and the disruption of shipping through the Strait of Hormuz.