Oil prices edge higher after strikes on Israel test ceasefire

Iran said the attacks, its first since an April ceasefire, are the start of "a full week" of strikes Oil prices edge higher after strikes on Israel test ceasefire Copyright current_year BBC. All rights reserved. The BBC is not responsible for the content of external sites. Read about our approach to external linking. Copyright current_year BBC. All rights reserved. The BBC is not responsible for the content of external sites. Read about our approach to external linking. A low-angle picture of a man holding a fuel pump at a petrol station Oil prices climbed on Monday morning trade in Asia after Iran fired missiles at Israel for the first time since a fragile ceasefire was agreed between the countries and the US in April. The price of the global benchmark Brent jumped by 2.6% to $95.50 (£71.60) a barrel, while US-traded crude rose by 2.5% to $92.75. Iran's Islamic Revolutionary Guard Corps (IRGC) warned that the attacks are the start of "a full week" of strikes. Iran's Islamic Revolutionary Guard Corps (IRGC) warned that the attacks are the start of US President Donald Trump has reportedly told news outlet Axios that he will urge Israel "not to retaliate", despite the country's military saying it will "strike the enemy" as soon as the order is given. "I am going to call Bibi right now and tell him not to retaliate," Trump told Axios, referring to Israeli Prime Minister Benjamin Netanyahu. "We are very close to a final deal with Iran. It is going to be a good deal. I don't want it to blow up because of what is happening now," the president is quoted as saying. A ceasefire agreement has been in force since 17 April and has been violated repeatedly by both Israel and Iran. Oil prices have surged since US and Israel launched strikes on Iran on 28 February and have continued to make huge swings throughout the subsequent ceasefire. Oil prices have surged since US and Israel launched strikes on Iran on 28 February and have continued to make huge swings throughout the subsequent ceasefire. Prices have hovered around the $95 mark in the past week as traders weigh the conflict's long-term impact on global energy flows. The war has disrupted the flow of oil and gas shipments from the Gulf after Iran threatened to strike vessels that try to cross the critical Strait of Hormuz trade route in retaliation for the US-Israeli attacks. The city is currently heightening security measures before President Trump visits on Monday to watch the NBA finals. During the interview, the president was repeatedly challenged on several points by the show's presenter Kristen Welker. The US defence secretary was speaking in Normandy, 82 years after allied forces launched their operation to liberate Nazi-occupied north-western Europe. The European country had 9.1 million international visitors in April, the most ever for that month. The US military strikes Iranian drones and radar sites and Tehran says it has targeted US bases in Kuwait and Bahrain. Micro dramas have surged in popularity, but drawn criticism for often sensationalist content. The president is directing money into coal as the Iran war drives up energy costs for Americans. Instead of throwing away byproducts of food processing, fermentation is making them valuable.