Oil rises as doubts over US-Iran deal heighten supply concerns

BEIJING, Aug 12 : Oil prices rose on Wednesday morning as doubts about a U.S.-Iran peace deal and attacks on two ships fuelled concerns about Middle East supply disruptions, even as industry data showed U.S. crude inventories expanded.Brent futures gained 72 cents, or 0.81 per cent, to $89.63 a barrel by 0053 GMT, while U.S. West Texas Intermediate (WTI) crude climbed 71 cents, or 0.85 per cent, to $83.91.Both benchmark contracts settled more than $1 higher on Tuesday, marking their highest closes since July 31 and extending gains after jumping about 5 per cent on Monday as hopes for a peace deal between the U.S. and Iran began to fade.The United States and Yemen's Iran-aligned Houthis reported separate attacks on shipping in the Strait of Hormuz and the Bab el-Mandeb Strait on Tuesday. Ir