Crude oil prices were up around 2% at trading start on Monday with escalated tensions in the Middle East risking secure crude oil supply from the region. 

International benchmark Brent crude was trading at $70.17 per barrel at 0630 GMT for a 2.3% jump after it closed Friday at $68.60 a barrel with a 3.55% increase in intraday trading.

American benchmark West Texas Intermediate was trading at $64.31 a barrel for a 2% gain at the same time after ending Friday at $63.05 per barrel with a 3.06% intraday trading rise.

“… Should Iran strike any U.S. person or

Read more: Oil prices up 2% as Middle East tensions escalate