Oil movements through the region have continued despite the conflict, but further attacks on tankers or infrastructure could increase the risk of more significant disruptions
Brent crude futures rose $2.11, or 2.40 per cent, to $90.20 a barrel, while US West Texas Intermediate (WTI) crude gained $1.89, or 2.27 per cent, to $85.30 a barrel
Crude prices have risen more than 50 per cent this year as the six-month conflict between the US and Iran has disrupted shipments of crude oil and refined petroleum products from the Middle East