Basra: Basra Heavy and Medium crude oil prices rose 3% on Thursday, mirroring the global increase in oil prices.

According to National Iraqi News Agency, Basra Heavy crude rose $2.09, or 3.47%, to reach $62.25 per barrel, while Basra Medium crude climbed $2.09, or 3.34%, to reach $64.70 per barrel.

This comes after a rise in oil prices amid growing concerns about a potential US military strike against Iran, a major oil producer, which could disrupt supplies.

Brent crude rose to $69.20 and West Texas Intermediate (WTI) crude to $64.04.