Pakistan, May 4 -- Oil prices rose on Monday as markets reacted to ongoing uncertainty over a potential US-Iran agreement and continued disruptions in Middle East shipping routes. The gains come as traders weigh geopolitical risks against supply concerns in the global energy market. Prices remain elevated due to fears of prolonged instability.

Brent crude futures increased by $1.22, or 1.1%, to $109.39 per barrel, recovering from a decline in the previous session. US West Texas Intermediate also rose by $1 to $102.94 per barrel after earlier losses. Analysts said the lack of progress in US-Iran negotiations continued to support prices.

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Market sentiment remains ...