HOUSTON, June 29 : Oil prices settled up more than 1 per cent on Monday after attacks by the U.S. and Iran underscored the fragility of their interim peace deal, while cautious hopes of a continued recovery in energy shipping through the Strait of Hormuz limited gains.Iranian and U.S. technical teams working

Shipping traffic through the strategically vital Strait of Hormuz is recovering one week after the U.S. and Iran signed an interim peace deal.

Brent jumped as much as 1.9 per cent to US$73.39 a barrel, before paring some gains. Read more at straitstimes.com. Read more at straitstimes.com.