Oil rises on uncertainty over reopening of Hormuz

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.

Oil rose as traders assess mixed signals from the U.S. and Iran amid worries that a deal to open the Strait of Hormuz may not be coming anytime soon.

Oil Rises Amid Growing Doubts Over Strait of Hormuz’s Reopening  WSJ

Oil rises as uncertainty continues over reopening of Strait  Reuters

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 barr