On Wednesday oil prices climbed sharply, up about six percent.
Fresh strikes in the region put at risk the US-Iran ceasefire.
Tankers kept moving through the Strait of Hormuz, keeping supplies flowing.
President Donald Trump stated the ceasefire had collapsed, increasing pressure to markets.
Analysts alerted additional turbulence could drive prices up.
The price surge shown increased danger to shipping routes and ambiguity over the ceasefire.
Traders pointed out the combined effect of the strikes and political statements on the market.