Oil jumps 4% as Iran denies US talks, tensions flare again
International oil prices traded around 4% higher on Tuesday morning after a fall in the previous session, as Iran denied talks with the US government to end the ongoing war in West Asia.
At 8:05 AM, the May contract of Brent crude on the Intercontinental Exchange was trading at $103.98 per barrel, higher by 4.04% from its previous close. Similarly, the May contract of West Texas Intermediate rose 3.87% to $91.42 a barrel.
