New Delhi, June 3 -- Global oil prices rose on Wednesday morning as fresh military action in West Asia heightened concerns over disruptions to energy supplies.

At 7.40 am, the August Brent crude contract on the Intercontinental Exchange was trading at $96.99 a barrel, up 1.03% from its previous close. The July contract of West Texas Intermediate (WTI) on the Nymex was trading at $94.85 per barrel, higher by 1.15%.

According to the US military, Iran fired missiles towards Kuwait and Bahrain, but the attacks failed to hit their intended targets.

Meanwhile, the US has targeted Iran's Qeshm Island, Reuters reported. Israel also continued its strikes on Lebanon, raising concerns that efforts to secure a diplomatic resolution could be jeopar...