Oil prices rise again amid fears over Middle East tensions

Global oil prices have risen once again in the international market.

According to details, uncertainty gripped global markets following the recent attack on the UAE and reports of possible military action against Iran, with the situation affecting oil prices.

US crude oil rose by 1.75 per cent to reach 107.26 dollars a barrel, while Brent crude gained 1.32 per cent to trade at 110.70 dollars a barrel.