Oil prices rose on Tuesday amid growing fears of increased supply disruptions in global markets.

Brent crude futures rose by $3.30, or 3.63%, to $94.31 a barrel.

Story continues: Oil prices exceed $90 amid rising risks in the Strait of Hormuz and Bab el-Mandeb.

In the same context, US West Texas Intermediate crude climbed by $2.80, or 3.32%, to $87.14 a barrel.

This increase comes as markets continue to watch developments in geopolitical situations and their impact on oil supply movements around the world.