ALBAWABA - Oil prices rose by 2 percent on Monday morning following the escalation of the conflict between the United States and Iran. The price of Bren

Brent crude futures climbed $2.22, or 2.52%, to $90.32 a barrel by 2202 GMT while U.S. West Texas Intermediate crude was at $85.41 a barrel, up $2.01, or 2.41%.

Oil prices rose more than 2% per barrel on Monday after conflict in the Middle East reignited once again with US attacking an Iranian island in the Strait of Hormuz, and Tehran…