Doha: Crude oil prices rose, with Brent crude climbing above $100 a barrel, amid growing doubts about the possibility of de-escalating tensions with Iran. Brent crude futures settled up $4.55, or 4.55%, at $104.49 a barrel. Meanwhile, West Texas Intermediate (WTI) crude futures for May delivery rose 4.2% to $91.82 a barrel.

According to Qatar News Agency, the rise in oil prices is attributed to the uncertainty surrounding potential diplomatic progress with Iran. The geopolitical tensions have created concerns in the market, contributing to the increase in crude prices. The market's reaction reflects the sensitivity to developments in the region, impacting global oil supply expectations.

Brent crude, a major benchmark for global oil prices, surpassed the $100 mark, signaling a notable shift in market sentiment. The futures increase highlights the growing demand and the market's response to geopolitical risks. At the same time, WTI crude, a key indicator for U.S. oil, saw a significant increase, indicating domestic market responses to international developments.

The rise in oil prices comes amid broader market fluctuations and highlights the ongoing volatility in energy markets. The developments underscore the importance of monitoring geopolitical events and their potential impact on oil prices and global supply chains.