Oil prices rise in early trade on Tuesday following a report that the US has struck Iran’s Qeshm Island. Brent crude futures have gained 48 cents, or 0.5 per cent, to reach $105.25 a barrel as of 06:04 Pakistan time.
US West Texas Intermediate (WTI) crude has gone up 47 cents, also 0.5pc, to $96.93.
The gains come after oil settled lower on Monday, according to market data.
Brent futures had settled $8.66, or 7.63pc, lower, at $104.77 a barrel on Monday.
