Oil prices jumped on Thursday as Iran ‌stepped up attacks on oil and transport facilities across the Middle East, raising fears of prolonged disruptions at the Strait of Hormuz.

Brent futures rose $8.54, or 9.28%, to $100.52 a barrel at 0354 GMT, while US West Texas Intermediate ​crude was up $7.22, or 8.28%, to $94.47, a Reuters report said.

Brent hit $119.50 a barrel on Monday, its highest since mid-2022, then ​dropped after US President Donald Trump said the Iran war could be over ⁠soon.

On Wednesday, a spokesperson for Iran's military command said: "Get ready for oil to be $200 a barrel, ​because the oil price depends on regional security, which you have destabilised," in remarks directed at the US.