Jun 13, Kathmandu - Oil prices have risen after Israel announced an attack on Iran. Benchmark contracts, Brent crude and NYMEX light sweet, rose more than 10% following news of the attack.
Traders are concerned that the conflict between Iran and Israel could disrupt oil supplies from Iran.
A rise in the price of crude oil affects everything from the price of food to the cost of fuel for cars.
Analysts told the BBC that traders were watching to see if Iran would retaliate in the coming days.