New Delhi, March 24 -- Crude oil prices edged higher on Tuesday, March 24, amid supply concerns after Iran denied holding discussions with the United States to end the Gulf conflict, contradicting statements by Donald Trump, who had indicated that a deal could be reached soon.

Brent crude futures surged to $104 per barrel, while the US crude benchmark West Texas Intermediate advanced almost 4%. This rebound followed a sharp decline of over 10% in crude prices on Monday, after Trump said he had ordered a five-day delay in planned attacks on Iran's power plants and noted that the US had held productive talks with unnamed Iranian officials, yielding "major points of agreement."

Back home, crude oil prices on the Multi Commodity Exchange (M...