By Nicole Jao NEW YORK, Sept 3 (Reuters) - Oil prices rose on Thursday after U.S. strikes on Iran and renewed Israeli threats against Tehran revived concerns about disruption to Middle East supplies,

Prices remain close to July highs as tanker attacks and US-Iran strikes raised disruption concerns in the Strait of Hormuz.

Six months after US-Israeli strikes disrupted Middle Eastern fossil fuel production and turned the Strait of Hormuz into a naval battleground, the world is getting a fuller picture of how the Iran war has reshaped the economics of energy.

Evercore ISI senior strategist Matthew Aks explains how Chinese oil imports may actually be the "biggest unexpected shock absorber" that was keeping oil prices (CL=F, BZ=F) down.

With crude above $90 and a Fed rate hike back on the table, Cramer just reshaped his Charitable Trust. Oil just spiked past $90 a barrel, and the Federal Reserve looks more likely to raise rates than cut them next month. Jim Cramer thinks that combination changes the playbook, and he is putting real money behind that view.

Heating oil is averaging $5.15 a gallon and climbing, up $1.50 compared to last winter.

Oil prices have gained more than 7% this week The U.S. and Iran have traded military strikes this week for the first time since July.

Oil prices are heading for a steep weekly gain as renewed U.S.-Iran fighting raises fears of further disruption to Middle East supplies.