Oil prices rose over 1% on Monday as prospects of reopening Hormuz remained stuck in limbo. Brent crude gained 1.32% to $84.65 a barrel, around 7:30 am IST while WTI crude rose 1.04% to $78.99 a barrel.

Oil prices inched higher on Friday as traders turned cautious due to uncertainty over shipping through the Strait of Hormuz alongside US President Donald Trump's recent remarks…

HOUSTON, Aug 10 : Oil prices jumped 3 per cent on Monday after Iran said the U.S. must lift sanctions on Tehran, pay reparations and meet a number of other conditions before the…