Oil prices were on the rise again amid concerns a "fragile" U.S.-Iran cease-fire could unravel over the Hormuz Strait and ongoing clashes in Lebanon.

The price of oil seesawed in trading in response to U.S. President Donald Trump's imminent threat to obliterate Iranian power plants and bridges.

Crude oil fell sharply after Washington and Tehran agreed a 2-week cease-fire deal that included allowing shipping to transit the key Strait of Hormuz

Oil markets rose after Iran accused the United States of violating elements of a two-week ceasefire agreement.

The cost of crude plunged on Wednesday after a deal was announced that includes the opening of the Strait of Hormuz.

Benchmark U.S. crude was 3.1% higher on Thursday at $97.30 a barrel.

Oil prices were on the rise again amid concerns a "fragile" U.S.-Iran cease-fire could unravel over the Hormuz Strait and ongoing clashes in Lebanon.