Oil back above $100 as US to blockade Iran’s ports after peace talks fail
Chua Yeow Hwee, an economist from Singapore’s Nanyang Technological University, stated: “Oil prices are likely to remain elevated because expectations now depend on whether the blockade is fully implemented, whether shipping disruptions spread, and whether diplomacy resumes.” Analyst Saul Kavonic from monetary providers agency MST Marquee instructed the BBC “oil prices are not as high…