Oil prices rose after fresh U.S. strikes on Iranian targets renewed fears that fragile ceasefire talks could collapse and prolong disruption around the Strait of Hormuz.

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.