Oil prices soar on fears of long supply disruption, US siege of Iran ports

US President Trump meets with oil firms over ways to minimise impact on fuel supplies amid US blockade of Iranian ports.

Oil prices soared more than 6 percent on worries about prolonged supply disruption in the Strait of Hormuz and fears of a lengthy US siege of Iranian ports, settling at their highest levels in weeks.

US crude settled up 6.95 percent at $106.88 per bar...