Oil prices climbed over 2% on Tuesday, recovering some of the losses from the previous session, amid concerns over supply disruptions caused by the near-total closure of the Strait of Hormuz and the refusal of US allies to deploy warships to assist tankers in navigating the crucial waterway.

Brent crude futures rose $2.74, or 2.7%, to $102.95 a barrel, while US West Texas Intermediate crude rose $2.45, or 2.6%, to $95.95, The Caspian Post reports, citing foreign media.

In the previous session, Brent crude futures settled down 2.8%, while US West Texas Intermediate crude fell 5.3% after some ships sailed through the strait.