US-Iran war, July 23 -- Oil prices climbed more than 1.5% on Thursday, 23 July, reaching their highest levels in over six weeks, after the United States launched fresh strikes on Iran and Yemen's Houthi rebels targeted oil tankers in the Red Sea.

Brent crude futures advanced $1.93, or 2%, to $96 per barrel, marking their highest level since June 8. The benchmark had settled at $94.07 in the previous session, up more than $3 and just below a six-week high.

Meanwhile, US West Texas Intermediate (WTI) crude gained $1.44, or 1.7%, to $88.27 per barrel, extending Wednesday's nearly 3% rally.

The United States military said it conducted a 12th straight night of strikes on Iran, shortly after US President Donald Trump vowed to target an Irani...