India, Aug. 10 -- Oil prices traded higher on Monday amid growing doubts that the U.S. and Iran will soon strike a deal to allow vessels to freely transit the critical Hormuz strait.
Brent crude futures were up 1.1 percent at $84.51 a barrel, building on gains of more than 5 percent over the previous three session. WTI crude futures surged 1.4 percent to $79.29.
Iran and Oman remain short of a final deal as Tehran demanded major U.S. concessions, including compensation, the lifting of sanctions, and an end to military threats, before reopening the Strait of Hormuz, a critical waterway for global energy supplies.
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