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;Resize=(620)) With the Strait of Hormuz now doubly blockaded, oil prices fell while markets climbed on Monday, despite an initial shock. CBC senior business correspondent Peter Armstrong explains where the pain is being felt, and how public faith in a solution could be buoying the markets.
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Crude prices jumped above $100 on Monday after talks failed between the two sides at the weekend.
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;Resize=(620)) Brent crude oil, the international standard, hovered around $100 US a barrel on Monday — up from roughly $70 per barrel before the war in late February. North American markets were mostly flat as of midday, after dipping earlier in the morning.
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