Commodity exchanges saw the oil price climb on fears a deal to end the standoff that has effectively closed the Hormuz Strait could be some time off.

NEW DELHI/PERTH, Aug 10 : Oil prices rose on Monday as uncertainty persisted over the reopening of the Strait of Hormuz, with Iran saying the United States must meet several…

PERTH, Aug 10 : Oil prices rose on Monday as uncertainty continued over the reopening of the Strait of Hormuz as Iran said a deal with Oman defining new shipping lanes was in its…

By Ronnie Harui and Kimberley Kao