Oil price rises as Iran dismisses Trump’s claim of talks

Brent futures rose $4, or 4 percent, to $103.94 a barrel at 0400 GMT, while US West Texas Intermediate (WTI) climbed $3.49, or 4 percent, to $91.62.

Crude futures had dropped more than 10 percent on Monday after Trump ordered a five-day delay to planned attacks on Iran's power plants, claiming that the US had held talks with unnamed Iranian officials that yielded "major points of agreement".

Tehran rejected the claim of contact with Washington, dismissing it as an attempt to manipulate financial markets, while Iran's military said they had attacked US targets and denounced Trump's comments as "worn-out psychological operations".

MNA