U.S. oil prices rose by more than 10% at market open after the weekend, surpassing $105 per barrel, following the failure of peace talks between the United States and Iran to reach an agreement, and the announcement of U.S. sanctions on the Strait of Hormuz.



U.S. crude oil traded around $105 per barrel, while the Brent blend price reached approximately $103 per barrel.

Several analysts expect oil to exceed $115 per barrel in the coming days if tensions related to the Strait of Hormuz, through which about 20% of global oil supplies pass, continue.

Meanwhile, financial markets (stocks) declined after the news of the failed negotiations, with U.S. stock futures opening down more than 1%, whether in the S&P 500, Nasdaq 100, or Dow Jones.

In metals markets, gold prices fell by about 2% to around $4,668 per ounce, while silver dropped by about 3% to approximately $73 per ounce.
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