Pakistan, Aug. 10 -- Global oil prices rose on Monday as uncertainty continued over the reopening of the Strait of Hormuz. Asian trading saw crude prices increase by more than one percent. Brent crude climbed above $84 per barrel during early trading. US crude prices also gained more than one percent. The market reacted to continued uncertainty surrounding the key shipping route.

Read More: Oil climbs as Hormuz uncertainty fuels market fears

The Strait of Hormuz remains one of the world's most important maritime routes. Large volumes of global oil supplies pass through the waterway every day. Any disruption can affect international energy markets and raise concerns about supply shortages. Therefore, traders are closely monitoring develo...