Oil prices rose more than $3 a barrel at the market opened on Monday, after new strikes on Saudi Arabia and on ships in the Gulf on Sunday.
Brent crude futures rose 3.46%, to $108.23 per barrel. WTI futures increased 3.15%, to $103.20 per barrel.
Saudi Arabian state media on Sunday released video footage of damage to homes and a mosque from what it said was a Houthi attack on the country's southern Jazan province.
Iran said one person was killed and four crew wounded aboard an Iranian commercial vessel struck off its coast.
Oil prices had been expected to rise on Monday amid growing concerns about risks to supply from Saudi Arabia, the world's largest oil exporter.
The Saudi's East-West oil pipeline was shut last week by a drone strike that originated in Iraq.
comments powered by Disqus
All feeds







