This comes as the deadly conflict between Iran and Israel entered its fourth day, fuelling fresh concerns over global trade, especially oil flows (Representative image/Suez Canal Authority) Oil prices rose more than 1% on Monday after the U.S. Department of Transportation issued an advisory to U.S.-flagged vessels to stay as far as possible from Iranian territory while voyaging through the Strait of ‍Hormuz and ⁠Gulf of Oman. Brent crude oil futures were up 89 cents, or 1.3%, at $68.94 a barrel by 11:24 a.m. EST (1624 GMT). U.S. West Texas Intermediate crude rose 83 cents, or 1.3%, to $64.38. The US DOT’s Maritime Administration agency noted that vessels going through the Strait of Hormuz and Gulf of ​Oman have historically faced the risk of being boarded ‌by Iranian forces, including as recently as February 3. The agency advised U.S.-flagged ships to stay close to Oman while eastbound in the Strait of ​Hormuz. The advisory renewed concerns that tensions between the U.S. and Iran could lead to oil supply disruptions. About a fifth of the oil …