New Delhi, March 30 -- International crude oil prices rose more than 3% on Monday morning as the West Asia war escalated, with Yemen's Houthi militants opening a new front through missile and drone attacks on Israel.

Around 6:30 am, the May contract of Brent crude on the Intercontinental Exchange was at $115.91 per barrel, up 3.00% from its previous close. The May contract of West Texas Intermediate on the NYMEX rose 3.03% to $102.61 a barrel.

The conflict involving the US, Israel and Iran has now entered its fifth week, with nearly 20% of global oil and gas supplies still effectively constrained due to disruptions in the supply chain.

Apart from the blockade of the Strait of Hormuz, several oil and gas facilities, refineries and field...