Iran said the US had violated a ceasefire after the US conducted what it called defensive strikes in southern Iran, while Brent crude oil rose about 3.5% on Tuesday to more than $99 a barrel.

Oil prices saw a jump on Tuesday. This followed U.S. military strikes in southern Iran. Tensions remain high as a deal to end the conflict appears uncertain. Iran has disrupted…

Oil prices rebounded after U.S. strikes on Iranian targets near the Strait of Hormuz revived fears that the fragile path toward reopening the chokepoint could unravel.

Crude oil futures increase as US military strikes in Southern Iran raise tensions, while Trump emphasizes ongoing negotiations.

Fresh US strikes draw Iranian anger as negotiators edge towards a Hormuz deal