On Wednesday oil prices climbed sharply, approximately six percent.
Fresh strikes in the region jeopardised the US-Iran ceasefire.
Tankers kept moving through the Strait of Hormuz, maintaining supply flows.
President Donald Trump said the ceasefire had collapsed, increasing pressure to markets.
Analysts warned additional turbulence could send prices soaring.
The price surge shown increased danger to shipping routes and doubt over the ceasefire.
Traders noted the combined effect of the strikes and political statements on the market.