Oil Jumps After US Seizure of Iranian Ship Escalates Conflict


Brent jumped as much as 7.9% to $97.50 a barrel, after falling more than 9% on Friday on signs of a thaw in the conflict, while West Texas Intermediate traded near $90. Tehran on Saturday again closed the vital chokepoint, after it said a US blockade of ships that left Iranian ports violated a ceasefire agreement that ends Tuesday.



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