US-Iran war, April 23 -- Oil prices extended their rally to a fourth straight session on Thursday, 23 April, as the US and Iran remained locked over control of the Strait of Hormuz, following the collapse of fresh peace talks.

Brent crude hovered near $104 per barrel after surging nearly 13% over the past three sessions, while West Texas Intermediate traded around $95.

Meanwhile, crude oil prices on the Multi Commodity Exchange (MCX) also witnessed a similar upward movement. MCX crude oil prices surged as much as 2.60% to Rs.8,948 per barrel.

US President Donald Trump said the ceasefire agreed on 7 April will remain in effect indefinitely as Washington awaits a fresh peace proposal from Iran, even as Tehran maintains it has no immediat...