New Delhi, April 21 -- Crude oil prices rebounded from their intraday lows on Tuesday, 21 April, as the looming expiry of the two-week ceasefire on Wednesday raised concerns that hostilities could resume in the region, with Iran yet to confirm its participation in a second round of peace talks in Pakistan.

Brent crude rebounded 5.35%, or $5 per barrel, from intraday lows to $98.89, while US benchmark crude recovered 5.56% or $4.77 a barrel to $90.68 from the day's low.

Tensions between the US and Iran renewed earlier this week after the US Navy seized an Iranian vessel in the Strait of Hormuz.

Shipping traffic through the key waterway, which normally handles about 20% of global oil and liquefied natural gas (LNG) supplies, remained bro...