Oil Price Jumps 5% to $95 as Iran Suspends Negotiations with US

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.

Escalating tensions between Iran, the US and Israel send oil prices sharply higher