HOUSTON, Aug 10 : Oil prices jumped over 4 per cent on Monday after Iran and the United States traded demands for compensation, dimming prospects for a deal to reopen the Strait of Hormuz.Iran also said the U.S. must lift sanctions on Tehran, and meet a number of other conditions for reopening the vital water

NEW DELHI/PERTH, Aug 10 : Oil prices were little changed on Monday after surrendering earlier gains, as optimism over talks to reopen the Strait of Hormuz was tempered by Iran's…

HOUSTON, Aug 10 : Oil prices jumped over 4 per cent on Monday after Iran and the United States traded demands for compensation, dimming prospects for a deal to reopen the Strait…

Oil prices rose significantly as Iran and the United States exchanged compensation demands. Prospects for reopening the Strait of Hormuz dimmed due to these escalating tensions.…