Dhaka, June 17 -- Oil prices climbed on Tuesday on concerns the Iran-Israel conflict may intensify, raising the risk of further unrest and the potential disruption of oil supply from the key Middle East producing region.

Brent crude futures rose 34 cents, or 0.5 per cent, to $73.57 a barrel as of 0340 GMT. US West Texas Intermediate crude was up 29 cents, or 0.4 per cent, at $72.06. Both contracts rose more than 2.0 per cent earlier in the trading session.

Oil prices settled more than 1.0 per cent lower on Monday on hopes that the conflict would ease after media reports Iran was seeking an end to hostilities, according to Reuters.

However, concerns have escalated after US President Donald Trump in a social media post urged "everyone" t...