Oil prices climbed in early Asian trading on Tuesday following reports of a U.S. strike on Iran's Qeshm Island. The attack heightened fears of an escalation in the ongoing eight-month conflict, which has already disrupted Middle East oil supplies.
Brent crude futures gained 48 cents, or 0.5%, reaching $105.25 per barrel by 0104 GMT. Meanwhile, U.S. West Texas Intermediate crude rose 47 cents, or 0.5%, to $96.93 per barrel.
The strike comes as tensions in the region continue to impact global energy markets, with concerns growing over potential supply disruptions.