Oil prices rose more than 1.5 per cent to their highest in more than six weeks, with the United States launching a new round of strikes on Iran and Yemen’s Houthis targeting oil tankers in the Red Sea, Reuters reports.
Brent crude futures rose $1.93, or 2 per cent to $96 by 0011 GMT, the highest since June 8. It had settled over $3 higher at $94.07 in the previous session, just shy of a six-week high.
US West Texas Intermediate crude rose $1.44, or 1.7pc, to $88.27 after rising nearly 3pc on Wednesday.
