00:00It's Benzinga bringing Wall Street to Main Street
00:02Oil prices jumped about 5% Monday, as doubts grew that the U.S. and Iran will reach a deal
00:07to increase commercial shipping through the Strait of Hormuz, according to CNBC.
00:12West Texas Intermediate crude settled at $82.13 per barrel, while Brent crude closed at $87.72.
00:19Trump said the U.S. is only semi-negotiating with Iran, and indicated Washington would
00:24rely on its naval blockade to pressure Tehran.
00:26Iran said the blockade must be lifted before it would agree to fully reopen the Strait.
00:30Oil prices had fallen more than 7% last week after Treasury Secretary Scott Besant said a
00:36deal allowing freedom of movement through Hormuz could come soon, but no agreement has been
00:40announced.
Comments