Oil prices climb as Iran talks hit new impasse; Tui hit by high fuel costs - business live

Oil prices continued climbing as fresh attacks on ships raised concerns about disruptions to Middle Eastern fuel supplies and clouded hopes for a U.S.-Iran peace deal. The U.S. and Yemen’s Iran-aligned Houthis said they suffered separate attacks on vessels in the Strait of Hormuz and the Bab el-Mandeb Strait on Tuesday. Iran’s top security official, Mohsen Rezaei, said the strait would remain closed unless the U.S. accepts Iran’s conditions, including releasing frozen assets and ending other regional conflicts. The pressure kept Brent near a one-month high, just under $90 per barrel, while travel firm Tui reported softer results.