International oil prices rise 1% as Iran says it attacked two tankers in the Strait of Hormuz

[Financial News]  

International oil prices rose more than 1% on July 31, the last day of the month, local time.
Prices climbed after the Islamic Revolutionary Guard Corps (IRGC) said it had attacked two tankers that were trying to pass through the Strait of Hormuz under the escort of the United States Navy.
Brent Crude Oil for September delivery, the global benchmark, closed at $90.12 per barrel, up $1.09, or 1.22%, from the previous session.
West Texas Intermediate crude oil (WTI) for September delivery, the U.S. benchmark, also finished the session up $1.08, or 1.29%, at $84.67 per barrel.
On a weekly basis, both Brent Crude Oil and WTI posted sharp gains. Brent Crude Oil rose 6.9%, while WTI jumped 5.2%.
Oil prices surged after the IRGC began attacking ships in the Strait of Hormuz and U.S. President Donald Trump ordered renewed airstrikes on Iran, calling it a violation of the ceasefire agreement.
The Strait of Hormuz, which handled 20% of global oil and natural gas shipments before the war, continues to face disruptions to traffic.
According to Iran's state-run Press TV, the IRGC attacked two tankers, while four others turned back.
However, U.S. and British maritime authorities have not yet confirmed the attack, CNBC reported.

[email protected] Song Kyung-jae Reporter