SINGAPORE, April 13 (Reuters) - Oil prices jumped above $100 a barrel on Monday as the U.S. Navy prepared to blockade the Strait of Hormuz after talks between the U.S. and Iran failed to reach a deal to end the war.
Brent crude futures rose $7.11, or 7.47%, to $102.31 a barrel by 2204 GMT after settling 0.75% lower on Friday.
U.S. West Texas Intermediate was at $104.43 a barrel, up $7.86, or 8.14%, following a 1.33% loss in the previous session.
(Reporting by Florence Tan; Editing by Chris Reese)
