Oil prices rose with the market on edge about possible military escalation in the Middle East, while an attack on a tanker in the Strait of Hormuz, Houthi claims of more attacks on Saudi refineries and a Ukrainian strike on a Russian refinery fed supply concerns.
Oil prices rose more than 2% after an attack on a tanker transiting Hormuz and Houthi militants claimed to have struck Saudi energy infrastructure again.
A tanker transiting the Strait of Hormuz was attacked by a small boat with two explosive devices, the United Kingdom Maritime Trade Operations said Friday.