By Boluwatife Oshadiya | May 11, 2026 Key Points Main Story Global oil prices surged on Monday after renewed tensions between the United States and Iran weakened hopes of a diplomatic breakthrough over the Strait of Hormuz, raising fears of possible disruptions to global crude supply. International benchmark Brent crude climbed to $105.55 per barrel … Continue reading Oil prices climb above $105 as US-Iran talks stall