Brent crude futures rose nearly 3% to $94 a barrel, which in turn prompted a selloff in government bonds

Oil rose while Asian equities firmed Monday as a surge in artificial intelligence-linked stocks helped offset uncertainty over US-Iran talks.

Oil prices edged up while Asian equities have gained momentum, driven by a boom in artificial intelligence stocks, despite ongoing uncertainty surrounding US-Iran negotiations.

Brent crude, the international benchmark, rose 2.4 per cent to $93.33 a barrel in early trading