Oil settles up over $2.55 as Iran war stalemate stokes supply concerns
Summary
HOUSTON — Oil prices settled up by more than US$2 (S$2.55) on Monday (Aug 17) on global supply worries stoked by investor pessimism about diplomatic efforts to resolve the Iran war, with US President Donald Trump demanding Iran's surrender and threatening to bomb Oman.Brent crude futures settled up US$2.35, or 2.65 per cent, at US$90.87 a barrel. US West Texas...