Oil futures prices continued to rise on Monday after Iran said it had reached a deal with Oman on the Strait of Hormuz, including a regulation to impose transit tolls. Moreover, data and analytics company Kpler estimated that traffic through the strait "weakened further" over the weekend. Furthermore, United States President Donald Trump revealed that Washington is "only semi-negotiating" with Tehran.
West Texas Intermediate (WTI) for September's deliveries jumped by 3.54% at 9:59 am ET to $80.88 per barrel. Brent for October's settlements increased by 2.90% at 10:02 am ET to $86.14 per barrel.
https://breakingthenews.net/Article/WTI-up-by-over-3.5-as-Hormuz-deal-fears-persist/66889365
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