SINGAPORE - Oil rose as much as 3.3 per cent on March 16 after US attacks on Iran’s main export hub in another escalation of the war despite US President Donald Trump’s call for nations to help safeguard the Strait of Hormuz.

Global oil benchmark Brent Crude climbed 1.2 per cent to US$104.41 a barrel by 12pm Singapore time. US benchmark West Texas Intermediate crude rose 0.6 per cent to US$99.25.