Oil prices continued their gains on monday as attacks intensified in the gulf region and renewed concerns arose about disruptions to saudi crude supplies. brent crude futures rose $3.21:il prices continued their gains on Monday as attacks intensified in the Gulf region and renewed concerns arose about disruptions to Saudi crude supplies. Brent crude futures rose $3.21, or 3.1%, to $107.82 a barrel, after reaching a session high of $108.65. West Texas Intermediate (WTI) crude futures climbed $2.77, or 2.8%, to $102.82 a barrel.

According to National Iraqi News Agency, the recent developments in the Gulf region have heightened fears of potential disruptions in the supply of crude oil from Saudi Arabia. This has led to a noticeable increase in oil prices, with both Brent and WTI crude futures experiencing significant gains. The market is closely monitoring the situation as tensions continue to escalate, potentially impacting the global oil supply chain.