Oil heads higher as US-Iran peace talks in stalemate

By Florence TanOil prices rebounded more than 1% on Monday after US President Donald Trump rejected a peace deal from Iran to resolve their conflict and reopen the Strait of Hormuz, keeping tensions in the Middle East elevated.Brent crude futures ICEEUR:BRN1! rose $1.32, or 1.27%, to $105.64 a barr…