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.

WTI, Brent slide over 6% as ‘war risk premium’ fades on US-Iran talks

Oil prices remained mixed on Tuesday as hopes of progress in US-Iran talks were offset by fresh US military strikes in Iran. While the US oil benchmark West Texas Intermediate…