On Monday, crude oil prices surged nearly 2% as negotiations between the United States and Iran stalled, exacerbating tensions in the Strait of Hormuz. Brent crude futures rose by $2.16 to $107.49 per barrel, marking the highest price since April 7, while U.S. West Texas Intermediate increased by $1.77 to $96.17 per barrel. Goldman Sachs has revised its oil price forecasts for the fourth quarter, predicting $90 per barrel for Brent and $83 for WTI due to reduced output from the Middle East. Shipping data indicates that traffic through the Strait of Hormuz remains critically low, with only one oil products tanker entering the Gulf on Sunday. Amid these developments, Iran has proposed a new deal to the U.S. to reopen the Strait, suggesting that nuclear negotiations could be postponed until after the blockade is lifted. The White House has received this proposal, but it remains uncertain if the U.S. will consider it.