Oil prices and US government bond yields both climbed on Tuesday after US President Donald Trump answered Iran's demand for war reparations with a sweeping counterclaim of his own, pushing a deal to reopen the Strait of Hormuz further out of reach.

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.…