LONDON, Aug 10 : Oil prices jumped almost 2 per cent on Monday after Iran insisted that the United States must satisfy several demands before the Strait of Hormuz can reopen. Brent crude futures were up $1.40, or 1.7 per cent, at $84.95 a barrel by 1218 GMT. U.S. West Texas Intermediate crude futures were up

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.

PERTH, Aug 7 : Oil continued its rise on Friday amid further concerns around the opening of the Strait of Hormuz as Iran, working with Oman, suggested banning vessels deemed…