Oil prices rose sharply on Monday, pushing Brent crude above $107 a barrel as escalating tensions in the Middle East stoked fears of disruptions to global energy supplies

Iran has said foreign ministers from regional countries will meet Monday in Oman to discuss efforts by Iran and Oman to manage shipping on it.

MUSCAT: Oman has announced the postponement of a meeting on Monday (Sep 14) between Iran and Gulf countries on the Strait of Hormuz, the major flashpoint in the Middle East…