Oil prices rose in early trading as concerns about supply disruptions in the Middle East intensified. West Texas Intermediate oil futures rose 0.85% to $79.62 a barrel in recent months. A senior US official said that the US struck several bridges in Iran on Thursday to cut off supply routes to a port city and naval base in the Strait of Hormuz. The strait is a key waterway through which one-fifth of the world's oil is transported. In response, Iran attacked America's infrastructure in the region and its Gulf allies.

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