SINGAPORE (Reuters) – Oil prices inched up on Monday supported by geopolitical tension in Europe and the Middle East, although the prospect of more oil supply and concern about the impact of trade tariffs on global fuel demand weighed. In recent weeks, Ukraine stepped up drone attacks on Russia’s energy infrastructure, hitting terminals and refineries, while U.S. President Donald Trump has urged the European Union to halt Russian oil and gas purchases. In the Middle East news, four Western nations recognised Palestinian state, prompting a furious response from Israel and adding to jitters in the key oil-producing region. Iraq has increased oil exports following the gradual unwinding of voluntary production cuts under an OPEC+ agreement, the country’s state oil marketer SOMO said on Sunday. Iraq’s oil exports averaged 3.38 million barrels per day in August, according to the oil ministry.