Prices had already surged more than 3% earlier Tuesday
US President Donald Trump said on Saturday that Washington had cancelled plans to send a team to Pakistan for negotiations with their Iranian counterparts
Brent crude traded back above $100
The ceasefire extension underscores the uncertain path toward de-escalation
Israeli Prime Minister Benjamin Netanyahu and Lebanese President Joseph Aoun would be invited to the White House
Israel and Lebanon agreed Thursday to a 10-day ceasefire
Oil prices plunged more than 11%
U.S. President Donald Trump vowed to blockade the Strait of Hormuz
International benchmark Brent crude futures for June delivery fell 0.5% to $95.47 per barrel
Ghalibaf said three elements of Iran’s 10-point truce proposal had been violated
The price of benchmark Brent initially tumbled more than 15% to less than $92 (£68.4) a barrel
Oil prices remain the key driver as investors grapple with a broadening supply shock
U.S. President Donald Trump threatened that "a whole civilization will die tonight"
The surcharge is “meaningfully lower” than levies applied by other major carriers
Trump has made statements that lifted markets
Iran attacked a Kuwaiti oil tanker anchored outside Dubai
Markets are currently struggling to find a clear directional bias
The update came as the U.S. deployed thousands more troops to the Middle East
Talks with Iran were “going very well”
Crude futures plunged almost 15% earlier in the session
On Friday, international benchmark Brent crude futures for May settled up 3.26% at $112.19 a barrel
Shares of FTSE 250 IT firm Softcat jumped 8.1%
Oil prices rallied last week
The U.S. president ordered strikes Friday against Iranian military assets on Kharg Island
In the U.K., motoring groups such as the AA have called on drivers to cut “non-essential journeys,”
Mojtaba Khamenei was injured in the attack on his father’s compound
West Texas Intermediate futures climbed 5% to around $87 per barrel
On Tuesday, oil prices fell drastically
The Nasdaq Composite gained 0.7%
The spike comes as the U.S.-Iran conflict spreads across the Middle Eas