Author: CBS News

STORY: Oil climbed on Monday (April 27) while stocks held steady ahead of a busy week of tech earnings.Investors believed U.S.-Iran peace talks signaled more disruption in Middle East energy exports.Benchmark Brent crude future rose more than 2% to touch a three-week high of $108 a barrel in Asian trade.The higher prices have led to inflation worries and seen traders price out rate cuts in developed markets this year.Middle East energy was hit by the conflict in Iran after U.S.-Israeli strikes on the country two months ago, with markets focused on the crucial Strait of Hormuz.The outlook for peace is…

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