India, June 25 -- Oil prices rose over 1 percent on Wednesday but held near multi-week lows on the prospect that crude oil flows would not be disrupted.
A U.S.-brokered ceasefire between Israel and Iran appeared to be holding but elsewhere, Israel's army said seven of its soldiers were killed in combat in Gaza, where the war with Palestinian militant group Hamas continued.
U.S. President Donald Trump's Middle East envoy said late on Tuesday that talks between U.S. and Iran were "promising" and that Washington was hopeful for a long-term peace deal.
Benchmark Brent crude futures jumped 1.4 percent to $67.08 in European trade, after having slumped 13 percent over the past two days amid signs that Strait of Hormuz would stay open for now. W...