Wednesday, April 15

    WASHINGTON: U.S. crude oil jumped 8.7% to $104.95 a barrel and Brent crude rose 7.4% to $102.23 in Asian trading on Monday, sending both benchmarks back above $100 after the United States said it would begin a blockade of Iranian ports. The move followed the collapse of weekend talks in Islamabad aimed at preserving a ceasefire between Washington and Tehran, and it pushed…

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