Oil prices have risen as renewed tensions in the Middle East heighten concerns over potential supply disruptions, Anadolu reports.

International benchmark Brent crude is trading at $93.89 per barrel at 0710 GMT, up around 2.9 per cent from the previous close of $91.12.

Meanwhile, the US benchmark West Texas Intermediate has increased about 3.4pc to $90.19 per barrel, compared with $87.3 in the previous session.

The gains came after the US and Iran exchanged attacks over the weekend, fueling fears that the conflict could spill over into key energy-producing and shipping regions.