Oil prices climbed Wednesday as worries over Middle East supply disruptions keep the market on edge, with attacks on tankers near the Strait of Hormuz and Saudi energy facilities denting sentiment.
Brent crude futures gained 1.22% $110.13 a barrel, while U.S. West Texas Intermediate crude rose 1.11% to $98.92 a barrel.
Iran's Revolutionary Guards said Tuesday that naval mines had prevented three tankers attempting to pass through the Strait of Hormuz using routes Tehran deemed unauthorized.
"Two violating oil tankers were set ablaze and halted due to the explosion of mines planted by the brave sailors of the IRGC Navy at an illegal crossing point in the southern part of the Strait of Hormuz," IRGC said in a statement published on their official Sepah News website.
Adding to regional worries, Yemen's Houthi militants claimed responsibility on Monday for strikes targeting Saudi Aramco facilities in Yanbu, the Shaybah oilfield and airports in Riyadh and Abha.