Oil climbs as renewed US-Iran clashes revive supply fears

Oil prices rose more than 2% after renewed U.S.-Iran clashes rekindled fears of supply disruptions from the Middle East, with Brent crude up to $92.66 a barrel and WTI around $88.24 by 1302 GMT. Traders cited risks to shipments through the Strait of Hormuz and renewed tensions after Trump’s threats of further strikes, while mediators’ efforts to reopen Hormuz have stalled and analysts warned the market remains sensitive to potential continued disruption.