Oil jumps more than 7% to above $102 ahead of US blockade on Iran
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LONDON -- Oil prices jumped back above $100 a barrel on Monday as the U.S. Navy prepared to block ships to and from Iran via the Strait of Hormuz, a move that could restrict Iranian oil exports, after Washington and Tehran failed to reach a deal to end the coOil jumps more than 7% to above $102 ahead of US blockade on Iran
LONDON -- Oil prices jumped back above $100 a barrel on Monday as the U.S. Navy prepared to block ships to and from Iran via the Strait of Hormuz, a move that could restrict Iranian oil exports, after Washington and Tehran failed to reach a deal to end the conflict. Read more












