Experts say oil prices are facing a rare risk from simultaneous disruptions at both the Bab el-Mandeb and the Strait of Hormuz. Read more at straitstimes.com. Read more at straitstimes.com.

Oil prices rise 2% amid escalating risks in Hormuz and the Red Sea as US strikes on Iran continue.

Brent crude futures rose 0.55 per cent, or 50 US cents, to US$91.51. Read more at straitstimes.com. Read more at straitstimes.com.

Brent crude futures rose $2.2 or 2.3 percent, to $96.27