US-Iran war, June 29 -- Oil prices edged higher on Monday as renewed military strikes involving the US and Iran revived concerns over potential disruptions to crude supplies from the Middle East.

US benchmark West Texas Intermediate (WTI) crude futures rose 0.71% to $69.72 a barrel, after slipping below the $70 mark on Friday for the first time since February 27, a day before the Iran conflict began. Meanwhile, international benchmark Brent crude gained 0.36% to trade at $72.25 a barrel.

"Crude oil prices are currently trading in the $69-70 per barrel range, remaining well below the highs witnessed during the recent Middle East conflict. Although the latest flare-up in regional tensions triggered a brief bout of volatility in energy mar...