Oil prices rise after falling to two-month lows in the previous session, as the market swung between hopes for a de-escalation in the Iran war and concerns about ongoing attacks on shipping in the Strait of Hormuz, Reuters reports.
Brent futures have climbed 71 cents, or 0.78 per cent, to $92.20 a barrel by 0119 GMT. US West Texas Intermediate (WTI) crude have risen 49 cents, or 0.57pc, to $86.53.
New data shows that 37 ships were attacked in the Strait of Hormuz and surrounding waterways in October, the highest monthly total since the start of the war, according to the Washington Institute for Near East Policy. And 10 attacks have been recorded so far in November.
