Oil prices rose on Sunday as some Middle East officials gathered in Islamabad to discuss de-escalation efforts to end the US and Israel's war on Iran. Brent oil reached $115.73 a barrel when markets reopened, a $3 increase from its Friday high of $112.57. Western Texas Intermediate hit $103.13 a barrel on Sunday. Oil prices have surged since the US and Israel began bombing Iran at the end of February, and Iran retaliated by essentially closing the Strait of Hormuz. About 20% of the world's oil supply and l ...