Crude oil prices surge as US moves to block Hormuz

International crude oil prices surged on Monday, climbing nearly 10 per cent and crossing the $100 per barrel mark, following the US Navy’s move to blockade the Strait of Hormuz amid stalled peace talks.Brent crude futures jumped 8.61 per cent or $8 to hit an intraday high of $103.40. Similarly, US West Texas Intermediate (WTI) […] The post Crude oil prices surge as US moves to block Hormuz first appeared on Nagaland Post .