Oil prices rise and markets fall after US seizure of ship hits Iran peace deal hopes | Oil
Oil prices rose sharply and European inventory markets fell on Monday after the US seizure of an Iranian vessel dented hopes for a peace deal. Brent crude, the worldwide benchmark for oil prices, rose by 5% to about $95 a barrel. European inventory markets dropped, with the UK’s blue-chip FTSE 100 index down 0.6%. The…