Oil price rises another 8 percent after Trump says to block Strait of Hormuz, diesel to 2.70 per liter

Oil prices rose 9 percent to above $102 a barrel on Monday after the United States said it had imposed a blockade of the Strait of Hormuz. The move follows failed negotiations with Iran last weekend. The recommended retail price for a liter of Euro95 is 2,551 euros on Monday, diesel costs 2,696 euros.

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