Oil surges after failed Iran-US talks, Trump’s blockade announcement
Oil prices jumped sharply on Sunday after Iran-US talks ended without agreement and President Donald Trump announced a naval blockade targeting the Strait of Hormuz from Monday evening local time.
West Texas Intermediate crude rose 8.56 percent to $104.84 per barrel, while Brent crude gained 8.61 percent to $103.38.
The spike reflects mounting market concerns over supply disruptions linked to tensions around the Strait of Hormuz, a key global energy chokepoint through which roughly a fifth of the world’s oil shipments normally pass.








