Oil prices have risen to a near six-week high, with Brent crude surpassing $95 a barrel, Reuters reports, on mounting concerns about disruptions to Middle Eastern supply routes because of escalating hostilities between the US and Iran and threats to shipping by the Houthis in Yemen.
Brent crude futures were up $3.82, or 4.2 per cent, at $94.83 a barrel at 09:38 GMT (2:38pm PKT) after hitting a session high of $95.24.
US West Texas Intermediate crude climbed $3.65, or 4.33pc, to $87.99.
Both benchmarks touched their highest levels since June 11.
