Oil extended its three-day rally as escalating unrest in Iran amplified supply concerns from OPEC's fourth-largest producer. The moves caught the attention of major funds repositioning for upside exposure. Brent crude climbed to $63.89 per barrel while WTI touched $59.65, driven by growing bullish bets amid worries over potential disruptions across the Middle East and Venezuela. The supply anxiety reflects how quickly geopolitical flash points can reshape commodity markets. For macro investors tracking correlations between energy costs, currency flows, and alternative asset demand, these price levels signal renewed focus on inflation hedges and strategic resource scarcity. Whether this momentum sustains depends on whether tensions ease or intensify in the coming weeks.