Mike McGlone, Bloomberg Intelligence Senior Commodity Strategist, breaks down moves in the oil and gas sector as the US seizure of an Iranian ship imperils peace talks. Oil and natural gas prices jumped after renewed risks to energy flows via the Strait of Hormuz threatened to jeopardize much-anticipated peace talks between the US and Iran. Both oil benchmarks rose more than 5% while European gas was up about 2% after the US Navy seized an Iranian ship on Sunday and both countries claimed that