“Markets are doubting that a peace deal is within reach,” said StoneX analyst Alex Hodes. NEW YORK: Oil prices settled higher for the third consecutive session on Tuesday (May 12) as stark differences between the US and Iran over a proposal to end the war in the Middle East raised concerns that supply disruptions upending the global oil market are likely to be prolonged. Brent crude futures gained US$3.56, or 3.42 per cent, to settle at US$107.77 a barrel, and US West Texas Intermediate futures