India, Sept. 25 -- Oil prices jumped sharply on Thursday as fresh comments from Iran and the US made the future of the conflict harder to predict. Brent crude, the global benchmark, rose more than 4% to trade above $107 a barrel. This reversed losses from earlier days, when Brent had fallen below the important $100 level.

US West Texas Intermediate (WTI) crude also climbed by around 4%. WTI was trading near $96 a barrel, showing that both major oil benchmarks were reacting to the latest developments around Iran and the US, according to Yahoo Finance.

Comments from Iranian President Masoud Pezeshkian were one of the main reasons oil prices moved higher. Pezeshkian said Tehran would continue to refuse to bow to US pressure, raising fresh ...