Oil rises as Iran sets demands for reopening Hormuz Oil futures rose more than 1% Sunday after Tehran denied it was engaged in negotiations with the United States and laid out demands for reopening the Strait of Hormuz. Brent crude, the international benchmark, rose about 1.2% to $84.58 a barrel, while US crude gained around 1.1% to $79.28. Tehran has demanded an end to US attacks on Iran and its regional allies and to the blockade of Iranian ports, as well as the withdrawal of US forces from around Iran, sanctions relief, the unfreezing of Iranian assets and compensation for…
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