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The U.S. Navy intercepted an Iranian cargo ship in the Gulf of Oman while it was attempting to breach the American blockade.
Tehran reimposed the closure of the Strait of Hormuz after briefly reopening it over the weekend.
The price of Brent crude rose by as much as 7.9%, while European natural gas prices jumped by up to 11% during Monday's trading.
The temporary ceasefire agreement between Washington and Tehran is set to end on April 21, while diplomatic negotiations remain on hold.
Maritime trade through the Strait of Hormuz has almost completely halted, with very few ships transiting.
Energy markets saw significant gains on Monday following the U.S. military intercepting an Iranian cargo ship and Iran's decision to reimpose its blockade on the Strait of Hormuz.
Brent crude rose by as much as 7.9%, recovering most of Friday's losses when oil prices dropped by over 9% after Iran temporarily announced the reopening of the waterway. European natural gas markets experienced similar gains, rising by up to 11%.