Oil rises near 6-mth high as Trump weighs military options against Iran

Oil prices rose near six-month highs on Friday as the prospect of renewed U.S. military action against Iran clouded hopes for a diplomatic breakthrough, reviving concerns over supply disruptions.

As of 05:45 ET (09:45 GMT), Brent crude futures rose 2.1% to $117.19 per barrel, while U.S. West Texas Intermediate (WTI) crude futures gained 1.8% to $103.88 per barrel.

Brent futures rose to as high as $117.84 per barrel earlier in the day, hitting their highest level since late April.

Both benchmarks were on track for a fourth consecutive monthly gain of more than 10%.

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