Oil Rises as Hopes for Diplomacy with Iran Stall and Strait of Hormuz Tensions Mount

Oil prices rose as hopes for diplomatic progress with Iran faltered, with Brent crude exceeding $110 a barrel, according to Anadolu. CNBC reported that the Iranian Revolutionary Guard said naval mines prevented three tankers from transiting the Strait of Hormuz.

AI-written summary of 3 sources; every verified point is backed by a verbatim quote. How Iyan works

• Oil prices rose 1.2%, with Brent crude exceeding $110.

  «سعر النفط يرتفع 1.2 بالمئة وبرنت يتجاوز 110 دولارات»

  Anadolu Ajansı
• Reuters reported that oil jumped $2 as hopes for diplomatic progress with Iran stalled.

  «Oil prices jump $2 as Iran knocks hopes of diplomatic progress»

  Reuters
• The Revolutionary Guard said naval mines prevented three tankers from passing through the Strait of Hormuz.

  «naval mines had prevented three tankers attempting to pass through the Strait of Hormuz»

  CNBC

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