Crude oil prices rose 1.5% on Thursday, as investors assessed the latest developments on the geopolitical front that might disrupt the oil supply. Yesterday, United States President Donald Trump issued another threat to Iran, claiming that the next possible strike on Tehran would be “far worse” in comparison to the June attack, raising concerns about supply risks. Meanwhile, Iran declared that the country’s army is prepared, “with their fingers on the trigger,” to respond if provoked. West Texas Intermediate (WTI) for settlements in March increased by 1.57% at 3:33 am ET, going for $64.20 per barrel. At the same time, Brent for deliveries in March went up by 1.45% to go for $69.39 per barrel.