Oil prices climb as U.S.-Iran talks stall and the Strait of Hormuz remains blocked, raising risks of tighter supply, falling inventories and further price spikes. Oil prices rose again on Monday on stalled negotiations between the United States and Iran aimed at bringing the conflict in the Middle East to an end. Trading in Asia saw both the global proxy benchmark Brent as well as the U.S. benchmark West Texas... [3223 chars]
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