US oil benchmark jumps 8%, surpasses US$100 after failed US-Iran talks
Business
US President Donald Trump said on Sunday that the US Navy would start blockading the Strait of Hormuz after marathon talks with Iran failed to reach a deal to end the war. TOKYO: The US oil benchmark rebounded above US$100 a barrel on Monday (Apr 13) after peace talks between the United States and Iran failed to make a breakthrough, and with US President Donald Trump ordering a blockade of Iranian ports. Shortly after trading began, a barrel of West Texas Intermediate for May delivery rose
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