<p>Global oil markets surged back above the $100-per-barrel mark on Monday as the eighth week of the Hormuz crisis opened with a dramatic escalation &#8211; the United States formally implementing a naval blockade of Iranian ports and the collapse of weekend peace negotiations in Islamabad dealing a fresh blow to hopes of a diplomatic resolution. &#8230;</p> </p><p><p>https://splash247.com/trumps-blockade-brinkmanship-fuels-oil-surge/</p></p>