Amid ongoing concerns about supply disruptions, oil prices rose slightly.

Amid ongoing concerns about supply disruptions, oil prices edged higher in early trading. Analysts at ANZ Bank's research department said in a research report that, although Iran and Israel have hinted they will avoid further escalation of hostilities, Houthi rebels in Yemen have announced a complete ban on Israeli vessels sailing in the Red Sea. These analysts added that this "increases the risk to one of the key alternative routes for Saudi Arabian crude oil to enter the international market, although there is some speculation about what constitutes Israeli vessels. Nearby West Texas Intermediate crude futures rose 0.1% to $91.40 per barrel.