Oil prices rose more than 1 percent in early trading on Wednesday as markets reacted to escalating tensions between the United States and Iran, including US strikes on Qeshm Island and reported Iranian missile and drone launches towards Kuwait and Bahrain.

BEIJING: Oil prices rose more than 2 percent on Monday after Iran and the US traded strikes and Israel ordered troops to move further into Lebanon in the battle with the…

Analysts expect two-sided risks as a slump in demand competes with supply losses from the Middle East