After 7% Slump, Crude Rises Again As US Strikes Iran's Qeshm Island; Brent Tops $105

Global oil prices increased in early Asian trading on Tuesday, following reports of US military strikes on Iran's Qeshm Island, raising concerns about renewed escalation in the Middle East conflict.Brent crude gained 0.33% to $105.10 a barrel. US West Texas Intermediate (WTI) crude rose 0.48%, to $96.92.The recovery followed Monday's sharp decline, when Brent settled $8.66, or 7.63%, lower at...