Oil prices rose more than $1 a barrel on Tuesday after US forces attacked Iran's Kashem island, raising fears of further escalation and disruptions in energy supplies. By 07:44 GMT, U.S. West Texas Intermediate crude was up $1.60, or 1.66 percent, at $98.06 a barrel, while Brent crude futures were up $1.84, or 1.76 percent, at $106.61 a barrel.

Oil prices rose more than $1 a barrel on Tuesday after US forces attacked Iran's Kashem island, raising fears of further escalation and disruptions in energy supplies. By 07:44 GMT, U.S. West Texas Intermediate crude was up $1.60, or 1.66 percent, at $98.06 a barrel, while Brent crude futures were up $1.84, or 1.76 percent, at $106.61 a barrel.