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Crude oil jumps as U.S. and Iran agree to halt attacks and resume peace talks in Doha. WTI settles up 2.2% at $70.75; Brent gains 1.6% to $73.15 amid lingering Strait of Hormuz risks.

Crude oil rose after the U.S. and Iran agreed to halt attacks and resume peace talks in Doha. WTI gained 2.2% to settle at $70.75 a barrel, while Brent advanced 1.6% to $73.15, as Hormuz shipping risks persisted.

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