Oil prices surged more than 2% in early trading on Monday. Brent crude futures rose $2.22, or 2.52%, to $90.32 a barrel.
US West Texas Intermediate (WTI) crude stood at $85.41 a barrel, up $2.01, or 2.41%. The gains were driven by concerns over potential supply disruptions in the Middle East and uncertainty surrounding oil flows through the Strait of Hormuz.
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