They rose more than 4 percent as traders wondered if the United States would take a more active role in the conflict between Israel and Iran.

Industry experts are examining possible scenarios, including one in which the price of oil doubles this year.

They rose more than 4 percent as traders wondered if the United States would take a more active role in the conflict between Israel and Iran.

Crude oil prices jump more than 4 percent amid fears the US may join Israel’s offensive against Iran.

U.S. President Donald Trump on Tuesday called for an "unconditional surrender" from Iran, warning Washington's patience was wearing thin.

Oil prices reacted after Prime Minister Benjamin Netanyahu ordered Israel's military to intensify attacks against Iran.

President Donald Trump said Thursday that he would make his decision on striking Iran within the next two weeks.