(Il Sole 24 Ore Radiocor) - Milano, 18 mag - Brent futures edged higher as supply concerns remained elevated following the breakdown of diplomatic efforts between the US and Iran.

Global markets reacted to the continued near-shutdown of the Strait of Hormuz and warnings from US president Donald Trump that time is running out for Tehran to reach a settlement.

Reports from Iran further dampened hopes, suggesting negotiations have reached an impasse.

The risk premium remains high after weekend attacks on energy infrastructure in the Persian Gulf, including a facility in the United Arab Emirates.

At 0847 GMT, crude oil futures were up 94 cents, or 0.86%, at.

110.20 dollars a barrel.

(RADIOCOR) 18-05-26 11:05:51 (0213) 5 NNNN