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The United States' plan to blockade Iranian ports and marine traffic starting at 10 a.m. ET Monday has sent oil prices surging, as the countries reignited their tussle over the crucial Strait of Hormuz after peace talks ended without a deal
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The U.S. Central Command said the blockade would be "enforced impartially against vessels of all nations" from 10 a.m. EDT, following the breakdown of talks after 21 hours of negotiations.
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;Resize=(620)) Brent crude oil, the international standard, rose $7.04, or 7.4 per cent, to $102.24 US a barrel on Monday. That's up from roughly $70 per barrel before the war in late February. Markets in France, Britain, Germany, Japan, South Korea and more also declined.
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President Donald Trump has denied sending a bawdy 50th birthday letter to his then-friend Jeffrey Epstein at the request of Ghislaine Maxwell.
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