Oil prices rise slightly after US announces new round of strikes on Iran

July 22 : Oil prices inched higher in early trading on Wednesday as fears of further supply disruptions intensified after U.S. forces said it began striking Iranian military targets for the 11th straight night and Kuwait reported attacks by Iranian drones. Brent crude futures rose 0.55 per cent, or 50 cents, to $91.51 after markets opened on Wednesday, while U.S. West Texas Intermediate crude climbed 0.36 per cent, or 30 cents, to $84.64 in low volume trading. This comes after oil settled at a five-week high on Tuesday after U.S. forces struck targets in southern and western Iran, while Iran attacked U.S. facilities in Bahrain, Kuwait and Jordan. The U.S. military said it began its latest strikes on Iran late on Tuesday in the United States, or early Wednesday in Iran. The U.S. attacks cam