LONDON, Aug 31 : Oil prices were trading nearly 2 per cent higher on Monday after the U.S. attacked an Iranian island in the Strait of Hormuz and drew retaliation from Tehran, as their conflict extended into its sixth month.Brent crude futures climbed $1.77, or 2 per cent, to $89.87 a barrel by 0733 GMT while

LONDON, Aug 31 : Oil prices were trading nearly 2 per cent higher on Monday after the U.S. attacked an Iranian island in the Strait of Hormuz and drew retaliation from Tehran, as their conflict extended into its sixth month.Brent crude futures climbed $1.77, or 2 per cent, to $89.87 a barrel by 0733 GMT while