The oil market has calmed after President Donald Trump said the U.S. would insure tankers and provide naval escorts if necessary.

Brent crude rose by 13% during early trading and stock markets came under pressure as US-Israeli strikes on Iran raised fears of disruption

LONDON: Oil prices rose 3 percent on Wednesday as the US-Israeli war on Iran disrupted Middle East supplies, but the pace of gains slowed from past sessions after President…

The oil market has calmed after President Donald Trump said the U.S. would insure tankers and provide naval escorts if necessary.

Oil prices have surged about 15% this week as the U.S.-Iran war engulfs the Middle East.