LONDON, Aug 31 : Oil prices were trading nearly 2 per cent higher on Monday after the U.S. attacked an Iranian island in the Strait of Hormuz and drew retaliation from Tehran, as their conflict extended into its sixth month.Brent crude futures climbed $1.77, or 2 per cent, to $89.87 a barrel by 0733 GMT while

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…

Oil prices climbed more than 2% after renewed U.S.-Iran fighting raised fresh fears of disruption to shipping and crude exports through the Strait of Hormuz.