Oil prices climbed after US President Donald Trump dismissed Iran’s reply to Washington’s peace proposal as “totally unacceptable,” raising concerns over prolonged tensions.
Brent crude, the global benchmark, rose 2.69 percent to $104.01 per barrel by 23:36 GMT on Sunday, building on a 1.23 percent gain recorded on Friday. Meanwhile, US West Texas Intermediate crude increased by $3.09, or 3.24 percent, to $98.51 per barrel, following a 0.64 percent rise in the previous session.
In the Gulf, Kuwait and the United Arab Emirates reported detecting multiple drones in their airspace, while Qatar said a commercial cargo vessel was targeted by a drone within its territorial waters.
Iran’s military issued a fresh warning to the United States and Israel, stating that any renewed “aggression” would trigger “other surprising options.”
At the same time, Israeli strikes in Lebanon continued, with Hezbollah claiming additional attacks on Israeli forces. Two medics and a civilian were killed in an Israeli strike on emergency response centres in Bint Jbeil.
Source: Al Jazeera
Bd-pratidin English/ ANI
