Oil climbs following renewed US, Iran strikes in Middle East

SINGAPORE, June 29 (Reuters) – Oil prices rose on Monday following days of tit-for-tat strikes by the United States and Iran in the Middle East that underscored the fragility of their interim peace deal and again slowed energy shipping in the Strait of Hormuz.

Brent crude futures climbed 50 cents, or 0.69%, to $72.49 a barrel by 2204 GMT while U.S. West Texas Intermediate crude was at $69.96 a barrel, up 73 cents, or 1.05%.

(Reporting by Florence Tan; Editing by Edmund Klamann)

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