Trump becomes hostile in 60 Minutes interview; Cole Tomas Allen identified as White House Correspondents’ Dinner shooter; new Iran deal proposed on Strait of Hormuz opening; Israel-Lebanon ceasefire strained after strikes on Hezbollah targets in south

Oil prices rose after efforts to restart peace talks over the Iran war stalled, the Strait of Hormuz remained virtually impassable and disruptions in the Middle East troubled global markets.

Brent rose as much as 2.5 percent to $107.97 a barrel and West Texas Intermediate advanced toward $97 a barrel before giving up some gains after Axios reported that Tehran had proposed a new offer to open the strait to the United States.

Over the weekend, President Donald Trump canceled a planned trip to Pakistan by his senior envoys who were mediating the talks, and said he would not negotiate if Iran was under threat.

The ceasefire has mostly been in effect since the beginning of April, but the blockade of the Strait of Hormuz by both the United States and Iran has reduced daily transit through the key waterway to almost zero.

The supply shock has halted supplies of crude oil, fuel, natural gas and fertilizer and raised concerns about an inflation crisis.