India, June 29 -- Oil prices traded higher on Monday, recovering from four-month lows hit last week amid renewed uncertainty over the fragile ceasefire between the U.S. and Iran.
Brent crude futures for September delivery were up 0.8 percent at $73.19 a barrel after falling more than 10 percent last week for a third consecutive weekly decline. WTI crude futures for August delivery surged 1.2 percent to $70.04.
After two nights of renewed hostilities, the United States and Iran have agreed to halt military strikes against each other and meet on Tuesday in Doha, Qatar, to resolve their disputes over shipping routes and transit fees.
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