Oil Surges Over 7% as Iran Halts U.S. Talks and Threatens Total Hormuz Closure

Oil prices climbed in early Asian trading on Monday as Israeli troops moved further into Lebanon over the weekend and the U.S. hit targets in Iran, adding fuel to fears that the broader Middle East conflict is moving toward escalation rather than a peace deal.  At the time of writing, West Texas Intermediate crude was up 3.27% at $90.22 per barrel, while Brent crude had risen 3.36% to trade at $94.18 per barrel. The U.S. strikes on Iran were confirmed by U.S. Central Command, which described them as "self-defense strikes on Iranian radar and…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.comWeiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.comWeiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com