Oil price jumps more than 5 percent and Brent at $105.5 per barrel

The new jump in oil prices comes in light of continued uncertainty regarding global supplies, in addition to geopolitical developments in the Middle East that are increasing pressure on the markets.

Earlier on Thursday, the Houthi group claimed to have targeted King Khalid International Airport in the Saudi capital, Riyadh, with a ballistic missile, and military sites in Lahj Governorate in southern Yemen with a number of missiles, while there was no immediate comment from Saudi or Yemeni authorities regarding the group's claims.

The rise in oil prices also comes as U.S. oil companies scale back operations due to a hurricane approaching offshore production areas.

In the context of regional tensions, the "Axios" website reported that U.S. President Donald Trump is evaluating the timing of potential attacks on Iran, while orders have been issued for the military to prepare.

The American website quoted "informed sources" on Wednesday as saying that the U.S. Department of Defense (Pentagon) had issued orders to the U.S. Central Command to complete its preparations to continue attacks on Iran.

The orders directed to the Central Command did not specify any date for the potential attacks, while the website indicated that Trump is still evaluating their timing.

On February 28, the United States and Israel launched an aggression against Iran, leaving thousands dead, and Tehran responded with attacks on Israel and U.S. sites in countries in the region, before a ceasefire was reached last April.

Later, the United States launched attacks on sites in Iran, in light of the deadlock in negotiations between the two countries, despite their signing of a memorandum of understanding in mid-June.

The stalling of negotiations comes as a result of disputes over navigation in the Strait of Hormuz, which is considered one of the most important strategic corridors for global energy and commodity supplies.