• Brent crude futures climbed 58 cents, or 0.8%, to $72.57 a barrel Published June 29, 2026 Updated 35 minutes ago By Reuters SINGAPORE: Oil prices rose on Monday following days of tit-for-tat strikes by the US and Iran that underscored the fragility of their interim peace deal and again slowed energy shipping through the Strait of Hormuz. Brent crude futures climbed 58 cents, or 0.8%, to $72.57 a barrel at 0207 GMT while U.S. West Texas Intermediate crude was at $70.11 a barrel, up 88 cents, or 1.3%. “There’s still plenty of risk facing the oil market. Even so, participants ⁠appear to be … focusing on what a continued recovery in oil flows would mean for the global balance,” ING analysts said in a note on Monday. “This complacency is odd and clearly leaves significant upside risk if the supply recovery proves slow.” Brent crude fell 10.6% last week, its third weekly decline, after crude shipments through the strait rose last week to their highest level since the US-Israeli war on Iran began in late February. However, traffic has since slowed following renewed attacks on ships in the strait from Thursday, including a Qatar-linked oil tanker, that triggered strikes from the U.S. and Iran in…