"Crude oil rose by more than two per cent" as renewed attacks on commercial shipping revived fears over global energy supplies, analyst Axel Rudolph said.

Crude oil futures rise amid reports of missile attacks on tankers in the Strait of Hormuz, heightening market tensions.

July 7 : Oil prices rose on Tuesday as reports of attacks on vessels near the Strait of Hormuz revived fears of disruptions to shipping through the critical energy transit…