New Delhi, June 18 -- Crude oil prices continue to remain elevated as tensions between Iran and Israel persist for the sixth consecutive day, pushing prices close to a five-month high. Traders are particularly worried about potential disruptions to Iran's crude oil exports of 1.5-2.0 million barrels per day (mmbpd), out of its total output of 3.4 mmbpd.

West Texas Intermediate (WTI) crude climbed as much as 0.64% on Wednesday, after surging over 4.3% on Tuesday to reach its highest level since January. Brent crude futures gained 0.5% after rising 4.4% in the previous trading session to touch $76.70 per barrel, the highest level since February.

As hostilities between the two nations deepen, with both sides escalating attacks since Friday...