Before the start of the Iran war in late February, Brent crude was trading around $70 per barrel.
WASHINGTON — The price of Brent crude oil surged past $125 a barrel early Thursday as stalled U.S.-Iran talks raised doubts over the reopening of the Strait of Hormuz and a permanent end to the Iran war.
Brent crude to be delivered in June jumped 6.2% to $125.36 and Brent to be delivered in July rose 3.1% to $113.85.
Benchmark U.S. crude climbed 2.3% to $109.38 per barrel.
Before the start of the war in late
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