Oil rises after Iran shuts Hormuz again, Trump threatens new attacks

Oil prices rose on Monday after shipping through the ​Strait of Hormuz slowed while talks between U.S. and Iranian officials in their first meeting ‌under an interim peace deal were off to a bumpy start. Brent crude futures climbed 54 cents or 0.67%, to $81.11 a barrel by 0030 GMT, after touching a high of $82.30 at the start of trading. U.S. West Texas Intermediate crude futures were at $78.62 ​a barrel, up $2.02, or 2.64% ahead of the contract’s expiry later on Monday. The more active August ​contract rose $1.43 to $77.28 a barrel. There was no settlement in the U.S. market on ⁠Friday due to a holiday. The number of ships that passed the Strait of Hormuz fell sharply on Sunday ​after Iran announced it had again closed the waterway, citing Israeli and U.S. violations of the interim peace deal, ​shipping data showed.