Oil rises as peace talks to reopen Hormuz stall

Oil rises as peace talks to reopen Hormuz stall

Charlie

He Oil prices rose after efforts to restart peace talks over the war with Iran failed, leaving the Strait of Hormuz virtually impassable and prolonging the supply disruption that has shaken global markets. Brent crude oil rose up to 3%, reaching US$108.50 per barreland West Texas Intermediate advanced toward $97, before giving up some of …