Oil Swings on Fading Optimism for Resolution on Iran Conflict

Oil prices whipsawed on renewed doubts about a deal to end the US war in Iran and reopen the vital Strait of Hormuz.

Brent, the global benchmark, settled above $100 a barrel amid signs that the US and Iran are still locking horns over control of the crucial oil and natural gas transit route. West Texas Intermediate futures settled below $95 a barrel.