To update prices and add details

BEIJING, May 15 (Reuters) - Oil prices rose more than 1 percent after U.S. President Donald Trump said he would not tolerate Iran any longer, and amid continued fears of attacks on and seizures of ships despite Tehran's announcement that about 30 vessels had crossed the Strait of Hormuz.

By 0425 GMT, Brent crude futures had risen $1.32, or 1.25 percent, to $107.04 a barrel, and U.S. West Texas Intermediate crude futures had also climbed $1.33, or 1.31 percent, to $102.50.

Brent crude rose nearly six percent during the week, and West Texas Intermediate crude also jumped more than seven percent, due to uncertainty surrounding the fragile ceasefire in the Iran war.

"I'm not going to wait any longer... They have to make a deal," Trump said in an interview broadcast Thursday night on Hannity's show on Fox News.

U.S. Trade Representative Jameson Greer said in an interview with Bloomberg on Friday that China is being very pragmatic with Iran, and that opening the Strait is very important to it.

Trump and his Chinese counterpart Xi Jinping are meeting on Friday at the conclusion of a two-day visit that included official ceremonies and trade agreements.

“With the Beijing summit failing to make any tangible progress on Iran, the market has returned to focusing on the stalemate and the closure of the Strait, amid the risk of renewed military escalation,” said Vandana Hari, founder of oil market analysis firm Vanda Insights.

Trump stated that China wants to buy oil from the United States, and that this is one of the agreements the market is expecting from the summit.

Regarding the incidents that occurred in the Strait, reports indicate that Iranian individuals seized a ship off the coast of the UAE and took it into Iranian waters on Thursday, and an Indian cargo ship carrying livestock from Africa to the UAE sank on Wednesday in waters off the coast of Oman.

Iran’s Revolutionary Guard said 30 ships had crossed the Strait of Hormuz since Wednesday evening, a figure still far below the 140 ships that passed through daily before the war, but representing a significant increase if confirmed.

Yang An, an analyst at Haitong Futures, said the main factor affecting oil prices remains the shortage of supply.

He added, "Oil prices fluctuated several times yesterday, but settled near their highest level of the day at the close."

He continued, "Ships passing through the strait have calmed some market concerns, but not enough to reverse the strong trend driven by supply shortages."