Crude oil prices surged on Sunday, as the U.S. Navy prepares to impose a blockade on Iran’s ports after peace talks failed over the weekend. U.S. crude oil futures for May delivery jumped nearly 8% to $104.20 per barrel by 6:13 p.m. ET. International benchmark Brent for June delivery advanced 7% to $101.86. U.S. Central Command said Sunday the military will blockade all maritime traffic entering and exiting Iranian ports on Monday at 10 a.m. ET. It added that the U.S. will not impede vessels transiting to and from non-Iranian ports. “The blockade will be enforced impartially against vessels of all nations entering or ... (full story)