Oil prices climb as traders assess Middle East developments

Oil prices climbed Wednesday as worries over Middle East supply disruptions keep the market on edge, with attacks on tankers near the Strait of Hormuz and Saudi energy facilities denting sentiment. Brent crude futures gained 1.22% $110.13 a barrel, while U.S. West Texas Intermediate crude rose 1.11% to $98.92 a barrel. Iran's Revolutionary Guards said Tuesday that naval mines had prevented three tankers attempting to pass through the Strait of Hormuz using routes Tehran deemed unauthorized.