Oil Price Nears $100 as Iran Walks Away From US Talks with New Threats

BeInCrypto Editorial

(03:54 PM UTC)

1 min read

Oil prices climbed toward $100 a barrel on Monday after Iran suspended all nuclear negotiations with the United States and pledged to close the Strait of Hormuz, reviving fears of a full-blown energy shock.

WTI crude jumped roughly 8% to $96.14, while Brent traded near $100, as Tehran tied any further dialogue to a halt in Israeli operations across Lebanon and Gaza.

Oil Price Performance. Source: Tr…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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