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00:02Oil prices rose Tuesday as investors reacted to uncertainty around U.S.-Iran negotiations
00:07and the potential reopening of the Strait of Hormuz, according to CNBC.
00:12Brent crude for June delivery gained 2.7% to $111.09 per barrel, extending a six-session rally,
00:20while WTI rose 2.2% to $98.50 after a 2.1% increase in the prior session.
00:28White House Press Secretary Caroline Levitt confirmed that President Trump met with national security officials
00:34to review a proposal from Tehran to reopen the Strait if the U.S. lifts its blockade and ends hostilities.
00:42Disruptions in the Strait have affected about 20 million barrels per day.
00:45Analysts said market normalization could take four to six months, and prices may remain elevated.
00:50For all things money, visit Benzinga.com.
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