India, May 4 -- Rebounding from Friday's losses, crude oil has skyrocketed on Monday as U.S.-Iran tensions grow deeper despite the ongoing diplomatic efforts to end the war, while the Strait of Hormuz blockade continues to hold oil transit.
WTI Crude Oil for June month delivery was last seen trading up by $4.00 (or 3.92%) at $105.94 per barrel.
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