Oil prices rose 2% after an Iranian tanker was hit in the Red Sea

Brent crude futures rose 3.2 percent to $ 64.06 a barrel and were $ 31.06 a barrel, up $ 20.1 by 08:46 GMT.

US West Texas Intermediate (WTI) crude futures were up 1.2 percent at $ 96.45 a barrel at $ 74.45, up 29 cents.