PERTH, Aug 10 : Oil prices rose on Monday on uncertainty over the reopening of the Strait of Hormuz anytime soon, as Iran said a deal with Oman defining new shipping lanes was in its final stages but insisted the U.S. must still meet other conditions. Brent crude futures rose 91 cents or 1.09 per cent, to $84

Brent crude surged 1.4 per cent to US$83.62 a barrel as at 8.24am, after jumping 4.9 per cent in the previous session. Read more at straitstimes.com. Read more at straitstimes.com.

LONDON, Aug 7 : Oil prices edged higher on Friday on further concerns surrounding the reopening of the Strait of Hormuz and potential Iranian bans and fines on vessels it deems…