Crude oil holds above $87 as US-Iran deal hopes, Hormuz reopening prospects fizzle

A drone view of a pump jack and drilling rig south of Midland, Texas, US June 11, 2025. — ReutersCrude oil prices rose more than 5% on Monday.Trump says US Navy controls the Strait of Hormuz.Oil, products exports through Hormuz fell to 3m bpd last week. Oil…