International crude oil prices continued to rise as diplomatic efforts between the United States and Iran to ease tensions remained stalled. As of 00:51 GMT, Brent crude futures for June delivery increased by 45 cents, or 0.4 percent, reaching $108.68 per barrel. The previous session saw a 2.8 percent gain, marking the seventh consecutive day of upward movement. Meanwhile, US West Texas Intermediate crude for June delivery rose by 58 cents, or 0.6 percent, to $96.96 per barrel after a 2.1 percent increase the day before.

Analysts attributed the sustained price rise to geopolitical uncertainty in the Middle East and the deadlock in US-Iran discussions, which have raised concerns about potential supply disruptions. These factors have maintained upward pressure on oil prices in global markets.

The ongoing instability in the region and lack of diplomatic progress suggest that volatility in energy markets may persist if the situation remains unresolved.