Brent crude tops $115 as Iran war talks stall over Hormuz

U.S. gas prices are hovering near highs not seen since the start of the Iran war as Washington weighs extending its blockade of Iranian ports

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Brent crude rose as high as $115.43 a barrel on Wednesday, approaching levels last seen in the early days of the U.S.-Israeli war against Iran, as negotiations over reopening the Strait of Hormuz remained deadlocked.

The U.S. West Texas Intermediate benchmark settled at $103.48 a barrel, a gain of roughly 3.6% on the session. U.S. gasoline prices hovered near highs not seen since the war began, according to Bloomberg.

The climb in oil prices has been driven by reports that........

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