India, May 1 -- Crude oil prices jumped by '445 to hit a record '10,571 per barrel in futures trade on Thursday, with Brent breaching $126 a barrel in global markets amid reports that US President Donald Trump is weighing military options against Iran.

On the Multi Commodity Exchange, crude oil for May delivery jumped by '445, or 4.39 per cent, to touch a fresh high of '10,571 per barrel, extending gains for the fourth straight session.

Analysts said the rise in oil prices came on the back of reports of a possible military briefing for President Trump on options for action against Iran, raising concerns about further escalation in West Asia.

The briefing signals that Trump was considering major combat operations either to break the dea...