Oil prices climbed to a six-week high on Monday after the United States and Iran exchanged strikes over the weekend, escalating tensions in the Middle East and raising concerns about potential disruptions to global oil supplies.

Brent crude, the international benchmark, gained 1.5 per cent to $97.73 per barrel, after touching $97.93 earlier in the session, its highest level since July 23.

West Texas Intermediate, the U.S. benchmark, rose 1.8 per cent to $93.10 per barrel, also reaching its highest level since late July.

Saudi Aramco oil facilities were targeted in fresh attacks on Monday, the Financial Times reported, as tensions in the Middle East continued to escalate.
Damage to the facility in Jizan, Saudi Arabia, was still being assessed, according to the report.

The site houses a refinery with a capacity of 400,000 barrels per day.

The FT said it was not immediately clear who was behind the attack.