Oil rises after reported US strike on Iran's Qeshm Island

Brent reached $105.25 a barrel and US West Texas Intermediate $96.93 in early Asian trade, both up 0.5%. Some US officials cited in the report of a strike on Qeshm Island described the assaults as defensive, aimed at preventing Iran from attacking commercial ships in the Strait of Hormuz. Tehran said contacts with the US to end the war were continuing, despite no breakthrough in talks with Qatari mediators.