• Brent crude futures rose $1.71, or 1.6%, to $110.74 a barrel Reuters Published April 6, 2026 Updated 6 minutes ago TOKYO: Oil prices climbed on Monday on continuing fears of supply losses because of shipping disruptions in the key Middle East producing region from the U.S.-Israeli war with Iran. Brent crude futures rose $1.71, or 1.6%, to $110.74 a barrel by 0057 GMT. U.S. West Texas Intermediate crude futures gained $0.71, or 0.6%, to trade at $112.25 per barrel. On Thursday, the last trading day before the Good Friday holiday break, WTI settled up more than 11% and Brent soared nearly 8% in volatile trading, recording ⁠their biggest absolute price increase since 2020, as U.S. President Donald Trump promised to continue attacks on Iran. The Strait of Hormuz, which carries oil and petroleum products from Iraq, Saudi Arabia, Qatar, Kuwait and the United Arab Emirates, remains largely closed by Iranian attacks on shipping after the war began on February 28. Because of the Middle East supply disruptions, refiners are seeking alternative sources for crude, particularly for physical cargoes in the U.S. and the UK North Sea. “Global buyers are bidding aggressively for (U.S.) Gulf Coast barrels and Brent is rallying even faster,” the Schork Group said in a client note on Monday. On Sunday, Trump ratcheted up pressure on Tehran, threatening in an expletive-laden Easter ⁠Sunday social media post to target Iran’s…