Oil prices surge amid mixed signals on US-Iran peace talks
Al Jazeera·2h ago·Fear
What Happened
Oil prices surged over seven percent Monday following attacks on commercial vessels in the Strait of Hormuz and deteriorating US-Iran peace negotiations. Brent crude jumped to $94.69 per barrel from $90.40 Friday. The spike followed Trump's announcement of seizing an Iranian cargo vessel and conflicting statements about ceasefire talks between Washington and Tehran.
Key Entities
Oil pricesBrent crudeStrait of HormuzUnited StatesIranDonald TrumpTehranUS blockade