Oil prices rise as latest fighting resurrects Middle East supply disruption risks

Sept 1 : Oil prices gained on Tuesday as the resumption of fighting between the U.S. and Iran in the Middle East renewed fears of supply disruptions from the world's key crude-producing region. Brent crude futures were up 56 cents, or 0.6 per cent, to $91.05 a barrel at 0044 GMT, while U.S. West Texas Intermediate crude was up 83 cents, or 1 per cent, to $86.59.In the previous session, Brent closed up 2.7 per cent, at one point reaching its highest since August 25, and WTI settled up 2.8 per cent, touching its highest since August 21.On Monday, U.S. President Donald Trump threatened further strikes against Iran following the first exchange of direct attacks between the countries in a month on Sunday, raising tensions in a conflict that had recently shifted into an economic standoff. "These