ALBAWABA- Oil prices surged more than 8 per cent in early trading on Monday, with Brent crude breaking above $104 per barrel for the first time since the outbreak of the US–Iran conflict, after the United States imposed an immediate naval blockade on Iranian maritime routes. The sharp rally followed the breakdown of Pakistan-brokered ceasefire talks in Islamabad and President Donald Trump’s announcement that the U.S. Navy would begin intercepting ...