Brent crude rises to $96 a barrel
Oil prices are increasing due to rising tensions in the Middle East, with Brent crude reaching $96 a barrel and WTI at $88.
The conflict is affecting key shipping routes, including the Strait of Hormuz and the Bab el-Mandeb.
The US has carried out strikes on Iran, and the Houthi blockade of Saudi ports is adding to the risk premium, with 2 million barrels potentially impacted.