Oil prices surge above $100 as US Navy to blockade Iran’s ports after peace talks fail

Oil futures were astatine implicit $100 per tube successful the aftermath of President Trump’s announcement that the U.S. subject would commencement blockading ships looking to participate the Strait of Hormuz. Prices of U.S. benchmark West Texas Intermediate crude hovered conscionable supra $104 per tube precocious Sunday night, with Brent crude oil, the planetary benchmark, prices…