Global oil prices have risen above $100 per barrel again as uncertainty surrounding the Iran conflict intensifies. After a sharp decline on Monday, Brent crude rebounded in Asian trading on Tuesday, climbing 3.75 percent to $103.69 per barrel. At the same time, Nymex Light Sweet crude increased 3.42 percent to $91.55 per barrel, according to a BBC report.

The price rebound followed U.S. President Donald Trump’s announcement that planned attacks on Iran would be postponed for five days, which he described as a positive step toward dialogue. That statement had initially caused oil prices to drop by more than 10 percent. However, Tehran later stated that no talks had taken place with the United States, leaving the market uncertain and pushing prices upward again.

Analysts suggest that continued geopolitical tension and mixed signals from both sides are keeping the oil market volatile, with traders closely watching developments in the Iran situation.