Doha: Oil prices rose on Thursday, recovering some of the losses from the previous session, as investors reassess the prospects for de-escalation in the Middle East, following Iran's announcement that it is still considering the US proposal to end the conflict that has disrupted energy flows. Brent crude futures climbed $1.13, or 1.1%, to $103.35 a barrel, while West Texas Intermediate (WTI) crude futures rose $1.08, or 1.2%, to $91.40 a barrel.

According to Qatar News Agency, both benchmarks fell by more than 2% on Wednesday. The fluctuations in oil prices are closely linked to geopolitical tensions in the Middle East, a critical region for global energy supply. Investors are closely monitoring the situation, as any progress or setbacks in ceasefire talks could significantly impact the energy market. Iran's consideration of the US proposal marks a pivotal moment in the ongoing conflict, with potential implications for international energy trade stability.