Oil prices climbed by about 3 percent on Tuesday, reaching around $103 per barrel, as the US-Israeli war on Iran continues.

Brent crude rose to nearly $103 per barrel, up 2.5 percent, while West Texas Intermediate (WTI) reached about $90, gaining 2.3 percent as of 08:00 GMT.

The increase follows a decline the previous day after US President Donald Trump announced a five-day delay in planned strikes on Iranian energy infrastructure.

Trump also said on Truth Social that the United States and Iran held “very good and productive” talks over two days aimed at finding “complete and final solutions” to tensions in the Middle East.