Oil prices went up further on ‌Wednesday, extending a multi-day rally, as the Iran and US blockades of the Strait of Hormuz continued.

Reports said the US will extend its blockade of Iranian ports. US President Donald Trump has instructed aides to prepare for an ​extended blockade of Iran, the Wall Street Journal reported late on Tuesday.

Brent crude futures for June rose 52 cents, ​or 0.47%, to $111.78 a barrel. US West Texas Intermediate (WTI) futures for June rose 57 cents, or 0.57%, to $100.50 a barrel after gaining 3.7% in the previous session.