Brent Crude Jumps 2% Above $102 As Strait Of Hormuz Attacks Raise Supply Fears

Oil prices rose sharply on Thursday as renewed attacks on shipping in the Middle East heightened concerns about supply disruptions, while declining US crude inventories supported market sentiment.Brent crude futures gained 2% to $102.3 a barrel, while US West Texas Intermediate crude advanced 1.8% to $89.9 a barrel.Traders remained concerned about shipping security around the Strait of Hormuz, a crucial...