Oil Prices Surge to 104 Dollars as Iran Denies Trump Claims of Talks on the Strait of Hormuz

Brent crude rose to 104 dollars per barrel after Iran dismissed claims by Donald Trump regarding productive negotiations to reopen the Strait of Hormuz.The Australian dollar fell to 69.6 cents as markets reacted to the ongoing closure of a shipping route that handles 20 percent of global oil.Investors remain skeptical of the five-day pause in US strikes against energy infrastructure as the Friday deadline for a resolution approaches.
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