Brent crude surpassed $90 per barrel, climbing 2.7% on Monday after President Donald Trump threatened to bomb Oman if it interfered with talks over the Strait of Hormuz. The threat came as a 60-day US-Iran negotiating window expired without any concrete resolution. The Strait of Hormuz, which carries roughly one-fifth of global crude oil and liquefied natural gas, has remained largely closed to normal tanker traffic since February, with only 13 vessels passing through this weekend. On the political front, Senator Tim Kaine announced he would introduce a resolution barring any military action against Oman, a longtime US ally.
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