Brent oil futures remained above $90 a barrel on Monday, following a peak on Friday due to the intensifying Israel-Hamas conflict.

Analysts believe the Hamas-Israel conflict is one of the biggest geopolitical risks to oil markets since Russia invaded Ukraine last year.

Israeli air raids on Gaza intensified after diplomatic efforts to secure a ceasefire failed.

US Secretary of State Antony Blinken will visit Israel to discuss the situation.

The US placed sanctions on Russian oil ship owners to tighten loopholes.