Middle East Tensions Push Oil Prices Higher Amid Disruption Fears

Oil prices surged on Tuesday as fresh fighting between the US and Iran in the Middle East sparked fears of supply disruptions from the world's key crude-producing region.

Brent crude futures rose by $0.66, or 0.7%, to $91.15 a barrel at 0640 GMT, while U.S. West Texas Intermediate crude was up $0.70, or 0.8%, to $86.46.

The tensions were heightened after US President Donald Trump threatened further strikes against Iran following the first exchange of direct attacks between the countries in a month on Sunday.

Analysts believe that these renewed hostilities could lead to damage to energy infrastructure around the Gulf and add fresh uncertainty for shipping through the Strait of Hormuz, both of which are reflected in the firmer tone in crude prices.