US-Iran war, May 18 -- Oil prices extended gains to a third straight session on Monday, 18 May, as President Donald Trump renewed pressure on Iran to strike a deal aimed at ending weeks of conflict and reopening the strategically important Strait of Hormuz.

Brent crude futures rose $2.03, or 1.86%, to $111.29 per barrel after hitting an intraday high of $112 earlier in the session, marking the highest level since May 5.

Meanwhile, US West Texas Intermediate crude advanced $2.31, or 2.19%, to $107.73 a barrel, after touching $108.70 - its highest since April 30. The front-month June contract is set to expire on Tuesday.

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