Web Desk: Oil prices rose in early trade on Tuesday on supply fears, as Iran denied it had held talks with the United States to end the war in the Gulf, contradicting President Donald Trump, who said a deal could be reached soon.
Brent futures rose $1.06, or 1.1%, to $101 a barrel at 0001 GMT, while US West Texas Intermediate (WTI) climbed $1.58, or 1.8%, to $89.71.
Crude futures dropped more than 10% on Monday, after Trump said he had ordered a five‑day delay to attacks he had threatened on Iran’s power plants, adding the US had held productive talks with unnamed Iranian officials that had produced “major points of agreement”.
