Oil prices hit fresh six-week highs on Thursday ​after new U.S. strikes on Iran and renewed Israeli threats against Tehran heightened concerns about ‌disruptions to Middle East supplies. Brent crude futures were up $1.66, or 1.7%, at $97.29 a barrel by 1200 GMT, erasing earlier losses, while U.S. West Texas Intermediate crude futures rose $2.03, or 2.2%, to $93.04. Both contracts were heading for ​their fourth day of gains and hit six-week highs earlier in the session. Iran’s health ​minister said 18 people were killed and 108 wounded in Tuesday night’s U.S. ⁠strikes across Iran. The Iranian Red Crescent said four people were killed and 67 wounded ​at a wedding ceremony near the coast of the Strait of Hormuz. Three Iranian Army pilots were ​killed in the U.S. strikes, the semi-official Tasnim news agency reported.

Full report : Oil prices hit fresh 6-week highs on renewed Middle East tensions.