Ammon News - Oil prices climbed about 2% on Tuesday after the U.S. shot down an Iranian drone and armed boats approached a U.S.-flagged vessel in the Strait of Hormuz, stoking concerns that talks aimed at de-escalating U.S.-Iran tensions could be disrupted.

Brent futures rose $1.03, or 1.6%, to settle at $67.33 per barrel, while U.S. West Texas Intermediate crude rose $1.07, or 1.7%, to settle at $63.21.

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On Monday, both crude benchmarks had dropped more than 4% after U.S. President Donald Trump said Iran was "seriously talking" with

Oil prices had climbed further post-settlement, with Brent surpassing $68 and WTI hitting over $64 per barrel, but pared slightly after Trump said the U.S. was still negotiating with Iran.

Brent was last trading at $68 per barrel, and WTI at $63.91.

Reuters