Oil rose more than 3 percent after new Houthi strikes on Saudi Arabia and Gulf tanker attacks deepened fears over a shut Saudi pipeline.
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Global Markets
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Brent crude rose above $100 a barrel for the first time since July as escalating Middle East conflict deepened fears over regional oil supply.
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Oil headed for a weekly gain above 6 percent as US-Iran fighting resumed, while US diesel prices hit a record high, fuelling fresh global inflation fears.
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Oil prices fell further on Tuesday as investors shrugged off the latest US sanctions on Iran, with Brent down 1.0 percent to $91.27 a barrel.
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Oil prices hit a three-week high on Wednesday as uncertainty over shipping through the Strait of Hormuz and continuing supply disruptions supported the market.