By Isabel Wang and Myra P. Saefong

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.

Trump's talks with Iran lead to oil price drop, easing geopolitical tensions and pausing US military actions.

Iran said it will halt nuclear talks with the U.S. and block the key shipping chokepoint until Israel withdraws from Lebanon

By Isabel Wang and Myra P. Saefong

The fighting in the Middle East dimmed hopes that the U.S. and Iran could soon announce an extension to their ceasefire.

By Isabel Wang and Myra P. Saefong