Iran Denies US Talks, Igniting Oil Prices: Brent Crude Surges Past $100

• International crude oil prices surged again, with Brent crude surpassing $100 per barrel after Iran denied any talks with the US.
• Iran's denial contradicted US President Donald Trump's claims of ongoing productive discussions to end the war, increasing fears of global oil supply disruption.
• The Strait of Hormuz, a critical route for 20% of global oil and LNG, faces supply threats due to Middle East tensions, halting tanker movement.
• Experts warn that if the Strait of Hormuz remains closed, Brent oil could reach $150, with a floor of $85-90 and a potential rise to $110.
• India, the world's third-largest oil importer, faces increased petrol and diesel prices, impacting transport, agriculture, and daily expenses if oil prices remain high.