Oil Prices Rise

Oil prices rose on Thursday after Iraqi security officials reported that Iranian boats loaded with explosives struck two fuel tankers, amid further global supply disruptions caused by the American-Israeli war on Iran.

By 01:18 GMT, Brent crude futures increased by $5.69, or 6.19 percent, to $97.67 per barrel. U.S. West Texas Intermediate crude also rose by $5.11, or 5.86 percent, to $92.36.