Oil prices surged on Monday as fading hopes for a US-Iran settlement renewed fears of prolonged supply disruptions in the Strait of Hormuz. Brent crude closed above $90 a barrel, while WTI oil also climbed sharply as traders reacted to stalled diplomacy and Iran's warning of possible military escalation. Brent crude rises as Iran ceasefire hopes fade Brent crude futures settled $2.22 higher at

President Donald Trump says Iran wants an agreement with the United States, but the Trump Iran deal remains out of reach because Tehran is not prepared to accept the terms Washington considers necessary. His comments come as Iran nuclear talks remain stalled and tensions around the Strait of Hormuz continue. Iran nuclear talks remain stalled Speaking to reporters in the Oval Office on Monday, T