Geneva: Oil prices rose today amid continuing tensions in the Middle East and limited traffic through the Strait of Hormuz. Brent crude futures climbed 33 cents, or 0.35 percent, to $95.36 a barrel, after falling 2.84 percent in the previous session. US West Texas Intermediate crude futures increased 2 cents, or 0.02 percent, to $93.06 a barrel, after dropping 3.1 percent on Thursday.

According to Qatar News Agency, the ongoing tensions in the Middle East have contributed to the fluctuations in oil prices observed in the market. The situation has led to concerns over the stability of oil supplies, particularly through the crucial maritime passage of the Strait of Hormuz, which is a key route for global oil shipments.

The rise in prices comes after a notable decrease in the previous trading sessions, reflecting the volatility induced by geopolitical factors. Analysts are closely monitoring the developments in the region, as any escalation could further impact oil prices and global markets.

The Strait of Hormuz remains a strategic chokepoint, and any disruptions in this area are likely to have significant repercussions on the oil industry, influencing both supply and prices worldwide. The situation underscores the delicate balance of geopolitical influences on the global energy market.