-->
By REUTERS

Filed at 9:38 a.m. ET

LONDON (Reuters) - Oil prices rose on Tuesday after a blast near Iraq's main export terminal drastically cut exports and underlined the risk of supply disruption in the Middle East.

U.S. light crude rose 44 cents to $38.03 a barrel, while London's Brent crude gained 32 cents to $35.80.

Prices had fallen in early trade, but climbed around a dollar from session lows after news that an explosion near Iraq's Basra Oil Terminal had cut exports to less than 500,000 barrels per day from around 1.7 million bpd.....

-->