Global oil prices rose in Asian morning trade after a fragile US‑Iran ceasefire, with Brent crude up 2.2% to $96.70 and WTI 2.8% to $96.90. The two‑week conditional ceasefire, tested by Israeli strikes on Lebanon, prompted Tehran’s warning of a “regret‑inducing response.” Shipping through the Strait of Hormuz remains disrupted after Iran threatened vessels. Prices stay above pre‑war levels, and analysts say the market’s key focus is Hormuz traffic and the still‑fragile US‑Iran talks. Read on bbci.co.uk