Brent increased 1.4% above $95 a barrel post closing at a six-week high in the earlier session. Meanwhile, West Texas Intermediate was close to $88 a barrel.
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Oil prices extended their gains as the the West Asia conflict escalated, threatening deeper energy supply disruptions.
Iran-backed Houthi militants said they attacked a couple of Saudi Arabian tankers in the Red Sea.
Brent increased 1.4% above $95 a barrel post closing at a six-week high in the earlier session. Meanwhile, West Texas Intermediate was close to $88 a barrel.
The Houthis said they fired drones and missiles at the two vessels — Encelia and Layla — for violating a blockade.
Just before the Houthi statement, the UK Maritime Trade Operations said a projectile had struck a ship southwest of Al Shuqaiq on Saudi Arabia’s Red Sea coast, which had caused a fire on board. It did not identify the vessel.
These attacks are the first strikes on oil tankers in the Red Sea.
