Brent jumps 3% amid supply concerns

Brent jumps 3% amid supply concerns

Oil prices continued to rise on Tuesday, with Brent futures climbing 3% to $107.45 per barrel as investors monitored developments in the Middle East and the risk of disruptions to oil supplies. Reports that Tehran had agreed to halt uranium enrichment in exchange for US sanctions relief were denied by both US President Donald Trump and Iranian officials. Meanwhile, WTI futures rose 1.8% to $94.27 per barrel.