Oil prices surpassed $100 per barrel again, as the U.S. Navy prepared to block the Strait of Hormuz following the failure of negotiations between Washington and Iran to reach an agreement that would end the war. International agencies indicate that Brent crude futures rose $7.11, or 7.47%, to $102.31 per barrel at 2204 GMT, after closing Friday with a 0.75% drop. Meanwhile, U.S. West Texas Intermediate was at $104.43 per barrel, up $7.86, or 8.14%, after a 1.33% fall in the previous session. This increase comes after Donald Trump said on Sunday that the U.S. Navy would immediately begin to block the Strait of Hormuz. U.S. Central Command then announced it will begin to block all maritime traffic entering and leaving Iranian ports. You may also be interested: Oil prices top $100 again after Trump's threats. Who is Magyar, who managed to dethrone Orbán in Hungary after 16 years? Costa Rica receives aid from the U.S.
