2351 GMT — Oil rises in early Asian trade amid Iran's attacks on shipping in the Strait of Hormuz, a key waterway through which one-fifth of the world's oil is transported.

Iran's attacks on three crude oil supertankers overnight are grinding the "shuttle run" tanker operations in the strait to a halt. The barrage of missiles and drones hit ships that specialize in short voyages in and out of the Persian Gulf, known as "shuttle runs."

The recent attacks on ships are making journeys through the strait increasingly risky, say ANZ Research analysts in a research report. Front-month WTI crude oil futures are 0.7% higher at $79.91 a barrel. ([email protected])