US-Iran war, April 28 -- Oil prices continued to rise on Tuesday, 28 April, as prospects of a resolution to the US-Iran war remained uncertain, while the vital Strait of Hormuz stayed largely closed, restricting energy supplies from the key Middle East region to global markets.

Brent crude futures for June increased by 45 cents, or 0.4%, to $108.68 per barrel, after surging 2.8% in the previous session to their highest close since April 7. The benchmark has now advanced for seven straight sessions.

Meanwhile, US West Texas Intermediate (WTI) crude for June climbed 58 cents, or 0.6%, to $96.96, following a 2.1% gain in the prior session.

Back home, crude oil on the Multi Commodity Exchange (MCX) also witnessed a similar upward movement....