TOKYO, March 5 : Oil prices rose on Thursday amid growing concern over the prolonged closure of the Strait of Hormuz, as the U.S.-Iran war chokes off vital Middle East oil and gas flows while production facilities limit output.Brent crude was trading up $1.67, or 2.05 per cent, at $83.07 per barrel by 0141 GM

TOKYO, March 5 : Oil prices rose on Thursday amid growing concern over the prolonged closure of the Strait of Hormuz, as the U.S.-Iran war chokes off vital Middle East oil and gas flows while production facilities limit output.Brent crude was trading up $1.67, or 2.05 per cent, at $83.07 per barrel by 0141 GM

The US and Israeli air war against Iran widened today with no end in sight as Israel attacked Lebanon and the US embassy in Riyadh was hit by drones.

Meanwhile, a joint statement by the Gulf Cooperation Council (GCC) and the United States condemned what it described as Iranís ìindiscriminate and reckless missile and drone attacksî