Dhaka, June 24 -- Oil prices oscillated on Monday, touching a five-month high before erasing most gains as oil and gas transit continued on tankers from the Middle East after U.S. airstrikes against Iran at the weekend.

Brent crude futures were up 16 cents, or 0.2%, at $77.17 a barrel by 1307 GMT. U.S. West Texas Intermediate crude rose 14 cents, or 0.2%, to $73.98.

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U.S. President Donald Trump said he had "obliterated" Iran's main nuclear sites in strikes over the weekend, joining an Israeli assault in an escalation of conflict in the Middle East as Tehran vowed to defend itself.

Israel carried out fresh strikes against...