Oil prices rise for 4th day as US strikes on Iran raise fears of wider conflict

Oil prices rose for a fourth straight day on US strikes against Iran's coastal defences and missile sites, with Iran threatening to shut off more regional energy exports. Brent crude climbed 0.4 percent to $85.28 a barrel while WTI rose 0.5 percent to $80.02, both hovering near one-month highs. Goldman Sachs warned Brent could exceed $110 in the fourth quarter if Gulf export recovery stalls, while the Strait of Hormuz disruption threatens about a fifth of global oil and LNG trade.