Oil prices jumped above $100 a barrel on Monday as the U.S. Navy prepared to blockade the Strait of Hormuz after talks between the U.S. and Iran failed to reach a deal to end the war.
Brent crude futures rose $7.11, or 7.47%, to $102.31 a barrel by 2204 GMT after settling 0.75% lower on Friday.
Source : Invseting.com