West Texas Intermediate jumped 3.66 percent to $85.76 and Brent rose 3.44 percent to $90.11.
The reports come after a missile attack on Israel by Iran last weekend that Israel's army chief General Herzi Halevi warned would be met with a response.
Tehran unleashed more than 300 ballistic and cruise missiles and attack drones late Saturday, most of which were repelled by air defences.
The country's leaders said the strike was a legitimate response to a deadly attack on an Iranian embassy building in Damascus that it blames on Tel Aviv.
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