00:03International oil prices surged on Monday after the peace talks between the United States
00:08and Iran failed over the weekend in Pakistan and as the U.S. military has announced a blockade
00:15of the Strait of Hamas. Brand crude and the West Texas Intermediate Delivery once again
00:21surpassed 100 U.S. dollars per barrel. The U.S. military said the blockade covering all
00:28Iranian ports would begin Monday at 5.30 p.m. local time in Iran. Oil prices have been fluctuating
00:35as shipping through the Strait has almost stalled since last February. Brand crude has risen from
00:42around $70 a barrel before the war to more than $119 at times. Meanwhile, Hungary's foreign surged
00:50against the euro and the Budapest stock index jumped 3% on Monday after the victory of Petra Magyar
00:57against Viktor Orban in the Hungarian election.
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