U. S. Oil Rises Back Above $82 as Doubt Grows Over Hormuz Deal Oil prices surged to a new high Monday after President Trump's comments on the negotiations with Iran over the Strait of Hormuz.
The latest developments have only underscored the stark reality: the United States and Iran are further apart than ever on opening the vital strait to commercial shipping.
The blame game is well underway, with each side pointing fingers at the other for the lack of progress.