CNBC·3 min read·medium

oil-prices-today-brent-wti-hormuz-trump-iran

J
Justina Lee
oil-prices-today-brent-wti-hormuz-trump-iran
AI Summary

Oil prices rose as global markets react to ongoing tensions in the Strait of Hormuz and the lack of a clear diplomatic resolution between the U.S. and Iran. Iran has set strict conditions for reopening the waterway, while the U.S. continues to enforce navigation security.

Oil prices rose on Monday, as traders continue to assess mixed signals from the U.S. and Iran amid worries that a deal between both countries to open the Strait of Hormuz may not come anytime soon.

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