Oil climbs as U.S.-Iran talks stall, Hormuz flows stay constrained (CO1:COM:Commodity)

Oil prices moved higher on Monday after diplomatic efforts between the United States and Iran appeared to lose momentum, while limited shipments through the Strait of Hormuz continued to tighten global crude supplies.

Brent crude futures (CO1:COM) rose $2.20, or 2.1%, to $107.53