Oil futures extend gains, Brent crude up $4 to three-week high on stalled US-Iran talks

Brent crude oil prices climb above $108 per barrel as Iran continues to restrict shipping traffic through the Strait of Hormuz, impacting commercial transit routes.

Brent crude oil prices have risen above $108 per barrel as Iran maintains shipping restrictions in the Strait of Hormuz, resulting in a reduction of commercial transit volume.

US forces block Iranian oil tankers in the Strait of Hormuz, causing a sharp decline in regional maritime traffic.

US naval forces have reportedly blocked Iranian oil tankers from passing through the Strait of Hormuz, resulting in significantly reduced maritime traffic in the region.

Iranian military adviser Mohsen Rezaei claims U.S. efforts to block oil exports are ineffective, even as U.S. forces continue to redirect dozens of vessels involved in the shipments.

Senior Iranian military adviser Mohsen Rezaei stated that the U.S. is unable to halt Iranian oil exports, despite reports that U.S. forces have redirected dozens of vessels as part of an ongoing blockade.

Shell to acquire Canada's ARC in output-boosting $16.4 billion deal.

Shell to acquire Canada's ARC in output-boosting $16.4 billion deal.