Brent slips below $90 a barrel after a sharp rally as shipping through key West Asian routes continues despite widening regional conflict
Brent crude surged nearly 7% as renewed West Asia strikes, Strait of Hormuz tensions and falling US crude inventories stoked fears of supply disruptions
Brent futures increased by $3.15, or 3.8%, to $87.24 a barrel by 0520 GMT, while US West Texas Intermediate (WTI) crude rose $2.73, or 3.4%, to $81.99 a barrel
Brent crude futures were down $0.54, or 0.6%, at $87.82 by 0046 GMT
U.S. forces bombed targets in southern Iran overnight after President Donald Trump said that Tehran would pay dearly for the deaths of American soldiers. Iran, meanwhile, struck U.S. sites in Bahrain
Benchmark prices had earlier touched more than one-month highs on concern over disruption to shipments through the Strait of Hormuz
Oil prices edged higher, with Brent crude above $85 a barrel, as escalating US-Iran attacks raised concerns over disruptions to supplies through the Strait of Hormuz
IEA chief Fatih Birol says markets are gripped by uncertainty as attacks in and around the Strait of Hormuz threaten oil, gas and fertiliser shipments
Brent crude rises to $85.28 a barrel and WTI to $80.02 as renewed US-Iran tensions raise concerns over supply disruptions in the Strait of Hormuz
For the second straight session, Brent closed at its highest since June 12 and West Texas Intermediate at its highest since June 15 and rose further on early Wednesday trade
Oil prices climbed to a four-week high after the US reinstated its blockade of Iranian shipping and both sides intensified attacks around the Strait of Hormuz
Oil prices climbed more than 3 per cent after fresh US-Iran military strikes renewed concerns over energy shipments through the Strait of Hormuz and regional supply risks
Oil prices edged lower on Friday as inflation concerns weighed on demand, but crude remained on track for strong weekly gains amid renewed US-Iran strikes and uncertainty over the Strait of Hormuz
Officials say India has adequate crude oil, LNG and LPG inventories to withstand any near-term supply disruption even as renewed US-Iran tensions push up crude prices
Brent crude futures rose 78 cents, or 1 per cent to $78.8 a barrel by 0054 GMT, while US West Texas Intermediate crude futures were up 74 cents, or 1.01 per cent, at $74.26 a barrel
Brent crude climbed more than 5 per cent to a two-week high after Donald Trump warned of further strikes on Iran, while gold prices declined
The rupee fell to a one-month low against the dollar as oil prices surged after Donald Trump said the Iran accord was "over", raising supply disruption fears
Recent pullback in crude oil prices from the channel support suggests short-covering, but the prevailing structure continues to reflect lower highs and lower lows, keeping the broader downtrend intact
The Middle East is now entering a different kind of conflict-one driven not by military confrontation, but by the battle for market share in global oil markets.
Brent crude futures gained 28 cents, or 0.39%, to $72.29, and US WTI crude rose to $68.84 a barrel, up 29 cents, or 0.26% as of 0046 GMT, after settling down to around pre-Iran war levels on Monday