Brent crude traded at $85.02 a barrel at 11:44 a.m. EDT, up 2.06% from Monday's close after reaching $87.39 earlier on Tuesday.

Brent oil jumps 3% amid US-Iran tensions. WTI reaching $110 by July 2026 at 1.7% YES.

Brent crude climbs more than 4 percent as Washington and Tehran clash over control of critical waterway.

Brent crude climbs 3.3 per cent in early trade to reach $78.50 a barrel