Oil rises as US, Iran resume military attacks

LONDON, Aug 31 : Oil prices were trading nearly 2 per cent higher on Monday after the U.S. attacked an Iranian island in the Strait of Hormuz and drew retaliation from Tehran, as their conflict extended into its sixth month.Brent crude futures climbed $1.77, or 2 per cent, to $89.87 a barrel by 0733 GMT while U.S. West Texas Intermediate crude was at $84.85, up $1.45, or 1.74 per cent.U.S. forces struck two launchers on Iran's Larak Island in the Strait of Hormuz on Sunday, the first known American strikes on the country since late July.In response, Iran attacked two U.S. air bases in Jordan, Iranian media reported on Monday, citing Iran's Revolutionary Guards. U.S. President Donald Trump said in a brief social media post on Sunday that Iran's energy hub of Kharg Island was being "blown to