Brent crude futures rise over 2 per cent in Asian trade after the US military carried out strikes in Iran, keeping markets on edge as a deal to end the war and open up the Strait of Hormuz remained elusive, according to Reuters.
Brent futures up$1.98, or 2.1pc, to $98.12 a barrel as of 0405 GMT, after settling 7pc lower in the previous session.
US West Texas Intermediate crude was at$91.79 a barrel, up slightly from Monday’s last traded price but down $4.81, or 5pc, from Friday’s close. There was no settlement on Monday due to the US Memorial Day holiday.
