Iran calls for oil embargo on Israel
Jordan cancels summit with U.S., Egyptian, Palestinian leaders
Biden arrives in Israel to consult on Gaza conflict
U.S. crude stocks fall more than expected API data
China39;s Q3 GDP grows 4.9, above market forecast

LONDON, Oct 18 Reuters Global oil benchmark Brent hit 93 a barrel on Wednesday as the risk of escalating conflict in the Middle East threatened to disrupt oil supplies from the region, with Iran calling for an oil embargo to be imposed on Israel.

Brent crude futures was up 2.54, or 2.8, to 92.44 a barrel at 1056 GMT. West Texas Intermediate crude WTI futures were up 2.54, or 2.9, at 89.2 a barrel.

Both benchmarks gained more than 3 to touch their highest levels in two weeks earlier in the session.

Markets factored in risk premiums after hundreds of Palestinians were killed in a blast at a Gaza City hospital on Tuesday that Israeli and Palestinian officials blamed on each other.

Jordan then cancelled a summit it was to host with U.S. President Joe Biden and Egyptian and Palestinian leaders. Biden arrived in Israel on Wednesday pledging solidarity in its war against Hamas, and backing its account that the Gaza hospital blast had been caused by militants.

This turn of diplomatic fortunes again garners fear of conflict spread and therefore the leap in oil, said John Evans of oil broker PVM.

Elsewhere in the Saudi city of Jeddah, Iranian Foreign Minister Hossein Amirabdollahian urged members of the Organisation of…