NEW YORK, Feb 9 (Reuters) - Oil prices settled more than 1% higher on Monday after the U.S. Department of Transportation issued an advisory to U.S.-flagged vessels to stay as far as possible from Iranian territory while passing through the Strait of Hormuz and Gulf of Oman. Brent crude oil futures settled up 99 cents, or 1.5%, at $69.04 a barrel. U.S. West Texas Intermediate crude rose 81 cents, or 1.3%, to settle at $64.36. The U.S. DOT's Maritime Administration on Monday noted that vessels going through the Strait of Hormuz and Gulf of Oman have historically faced the risk of being boarded by Iranian forces, including as recently as February 3. The agency advised U.S.-flagged ships to stay close to Oman while eastbound in the Strait of Hormuz. The move renewed concerns that tensions between the U.S. and Iran could lead to oil supply disruptions. About a fifth of the oil consumed globally passes through the Strait of Hormuz between Oman and Iran. "This week's...
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