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Oil Prices: Oil prices today: Crude jumps nearly 2% as US-Iran talks stall, Hormuz disruptions tighten supply

Oil prices extended their rally on Monday, climbing nearly 2% as stalled peace talks between the United States and Iran and continued disruptions in the Strait of Hormuz kept global supply under pressure.Brent crude futures rose $2.16, or 2.05%, to $107.49 a barrel, the highest since April 7, while US West Texas Intermediate (WTI) gained…

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