Oil prices edge higher amid supply disruption fears

Oil prices posted modest gains in early trading on Wednesday as concerns grew over potential supply disruptions following US military strikes on Iranian targets for the eleventh consecutive night, while Kuwait reported being targeted by Iranian drones.

Brent crude futures rose 0.55 percent, or 50 cents, to $91.51 a barrel, while US West Texas Intermediate crude climbed 0.36 percent, or 30 cents, to $84.64 in thin trading.

The gains come after oil settled at a five-week high on Tuesday, following US strikes on targets in southern and western Iran. Meanwhile, Tehran launched attacks on US facilities in Bahrain, Kuwait, and Jordan.

The US military announced it began its latest strikes on Iran late Tuesday US time, or early Wednesday in Iran. The American attacks came shortly after the Kuwaiti military said its air defenses intercepted Iranian drones earlier in the day.