Gross Brent rose above $ 104 per barrel later Wednesday and stay there Thursday after avigdor lieberman, Israeli Foreign Minister said two warships Iranians planned navigate through the Suez canal in Syria road.
Apart from the fresh tensions Israel-Iran oil traders concerned also stirring the Bahrain where the riot police killed demonstrators and the oil-rich Libya.
They fear the kind of disturbance that reverses the Presidents of the Egypt and the Tunisia could extend to other Middle East oil-producing nations.
"Trouble in the Middle East are on the agenda of events at Bahrain and Saudi have placed in barrels of political tensions, said Rob Montefusco, a financial Sucden oil trader."
Ken Hasegawa, Manager of Newedge broker Japan, derivatives says oil could easily hits $105 today, according to economic data out of the United States later.
Mr. Lieberman called the move later "provocation" by the Iran whose Israel sees a significant threat to nuclear weapons program OPEC nation.
However, the Suez Canal by the Egypt Authority said today was "informed of the cancellation of two regular journeys of two Iranian warships.
Channel, official who refused to be named, "no new date has been set to cross the Suez in convoy south from the Red Sea", told Reuters.
Military vessels passing through the channel must first obtain permission from the Ministry of defence and the Ministry of Foreign Affairs.
The official identified vessels like Alvand and Kharg Island, said that ships were near the port of Jeddah, Saudi Arabia Red Sea. Shipping experts said that the Alvand frigate Kharg refueller.
Last time, Iranian warships crossed the channel is in 1979.
In January, disorders in Egypt helped push Brent over $ 100 per barrel. The last approach by Iran between five days after the Egyptian President Hosni Mubarak resigned and Israeli leaders have expressed concerns that the Iran may operate the transition period.
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