Oil prices in the international market jumped further on Monday after the Mideast tensions escalated between Israel and Iran.
Brent climbed as much as 5.5 percent before paring most gains to trade around $75 a barrel.
Israel launched an attack on the giant South Pars gas field, forcing the halt of a production platform, according to reports.
According to analysts, they do not expect to see another significant leg higher in crude prices unless there are attempts to close the Strait of Hormuz or Iran-backed Houthis in Yemen target shipping.