US-Iran war, May 26 -- Oil prices rebounded after fresh US military strikes in Iran cast doubt over the prospects of an interim agreement between Tehran and Washington to reopen the Strait of Hormuz, even as negotiations are expected to continue for a few more days.

The global crude benchmark Brent crude climbed above $98 per barrel after plunging more than 7% on Monday, while West Texas Intermediate hovered near $92 per barrel.

Back home, crude oil prices also witnessed a similar upward movement on Tuesday. MCX crude oil prices rose as much as 1.90% to Rs.8,779 per barrel.

US forces targeted missile-launch locations and boats allegedly attempting to deploy mines, according to US Central Command, following reports from Iranian media ab...