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Oil prices jumped about 2% Sunday, after plans for a second round of peace negotiations between the U.S. and Iran unraveled again.

Iran’s Revolutionary Guard also reportedly boarded two cargo ships near the Strait of Hormuz as tensions in the strategic sea lane remain high.

International benchmark Brent

oil futures rose more 2% to $107.89 per barrel by 6:27 p.m. ET. U.S. crude oil