The cost of both U.S. and international crude oil returned to levels not seen since mid-May.

Oil prices jumped and equities struggled on Monday as Middle East peace talks stumbled and tensions mounted between Iran and the United States.Crude futures shot around seven…

Oil prices sharply rose on Monday afternoon as Iran suspended all indirect talks with the US and vowed to fully close the Strait of Hormuz.

Brent crude, the international benchmark, rose 2.4 per cent to $93.33 a barrel in early trading

Analysts expect two-sided risks as a slump in demand competes with supply losses from the Middle East

US oil prices rose 8% to $94 after Iran ended talks with the US. Crude oil reaching a new all-time high by September 30 at 23.5% YES.

The cost of both U.S. and international crude oil returned to levels not seen since mid-May.