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Oil rises as Trump presses Iran over Hormuz (opens in new tab)

Oil prices rose and Asian equities mostly fell on Monday after President Trump intensified pressure on Iran while talks on a permanent end to the war stalled. Brent crude was quoted above $110 a barrel in several reports, while U.S. crude traded around $107; Fortune cited Brent at $110.70 and U.S. oil futures at $107.26 late Sunday. The market reaction followed a continued deadlock over reopening the Strait of Hormuz, a major crude-shipping route that Bloomberg described as shut and the BBC d...

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