Oil prices jump as US-Iran talks stall

middleeasteye.net by @middleeasteye ·

Oil prices jump as US-Iran talks stall Oil prices jumped almost three percent on Monday as peace talks between the US and Iran stalled and shipments through the Strait of Hormuz remained limited, keeping global oil supplies tight. The Brent crude benchmark rose $3, or about 2.9 percent, to $108.36 a barrel on Monday morning, Reuters reported. This is its highest price in three weeks.  US West Texas Intermediate was up $2.45, or