Oil rises on uncertainty over reopening of Hormuz

PERTH, Aug 10 : Oil prices rose on Monday on uncertainty over the reopening of the Strait of Hormuz anytime soon, as Iran said a deal with Oman defining new shipping lanes was in its final stages but insisted the U.S. must still meet other conditions. Brent crude futures rose 91 cents or 1.09 per cent, to $84.46 a barrel by 0056 GMT, while U.S. West Texas Intermediate crude futures rose 61 cents, or 0.78 per cent to $78.79 a barrel.Both benchmarks had fallen more than 7 per cent last week on hopes that Iran and Oman were close to reaching a deal that would result in a reopening of the Strait of Hormuz, which carried a fifth of the world's oil before the war.While Iran said on Sunday that a deal with Oman was in its "final stages", it reiterated that the waterway would only reopen once Wash