Oil price today, June 23 -- Crude oil prices rose on the Multi Commodity Exchange (MCX) on Monday following the US's alignment with Israel in military actions targeting Iran's nuclear facilities, which heightened tensions in the Middle East. Worries are increasing regarding possible disruptions in supply, especially the potential closure of the Strait of Hormuz, a vital passage for worldwide crude transportation.

MCX crude oil futures for July contract opened higher at Rs.6,475 per barrel as against its previous close of Rs.6,404 level. MCX crude oil prices rallied 2.28% to a high of Rs.6,550, and were last trading 1.80% higher at Rs.6,519 per barrel.

In the global market, prices for Brent Crude Oil surged on Monday to their highest lev...