By 06:32 GMT on 17 July, Brent crude futures had risen by $0.70 to $84.30/bbl, while WTI had increased by $0.16 to $79.11/bbl.

Oil prices rose and U.S. stock-index futures slipped on Sunday, after the U.S. and Iran continued their tit-for-tat attacks around the Strait of Hormuz over the weekend.

U.S. oil prices extended their summer rally and ended the week 16% higher at $82.49 a barrel, as producers from the Middle East to West Texas bet against the Strait of Hormuz [returning to normal](

For decades, OPEC influenced the market by how much oil it produced. But China, the largest importer, is demonstrating its remarkable power over prices.

Asian shares are mostly higher, tracking a rally on Wall Street following a report that showed U.S. inflation was not as bad last month as economists expected.

Oil prices extended gains in early U.S. trade, with Brent crude up 2.1% and WTI futures rising 2.4%.

Oil prices are climbing Monday following a weekend of attacks in the Middle East, while more losses for computer chipmakers and

By Harry Robertson and Rodrigo Campos LONDON/NEW YORK, June 29 (Reuters) - A global gauge of stock markets rose on Monday as investors tracked the implementation of an interim peace deal between Iran and the U.

Oil prices eased as traders weighed escalating tensions between the United States and ​Iran and the risks to oil ​supplies moving through the ​Strait of Hormuz.