Oil Jumps $3/Barrel As Trump-Iran Peace Talks Collapses, Strait of Hormuz Crisis Deepens

Oil prices jumped $3 a barrel on Monday as the United States and Iran failed to agree to a peace proposal drafted by Washington while the Strait of Hormuz remained largely closed, keeping global energy supplies tight.Brent crude futures climbed $3.18 or 3.14% to $104.47 a barrel

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