Oil prices jump on Hormuz tensions as US indices retreat from records

<p>Oil prices jumped on Monday after a drone strike sparked a fire at an Emirati energy installation, threatening a fragile US-Iran ceasefire, while US warships entered the crucial Strait of Hormuz.</p><p>Seoul and Taipei hit record highs as Asian traders joined the rally in tech shares, but US equity indices retreated from record finishes last week.</p><p>Oil prices climbed, with the benchmark international contract Brent crude for July delivery jumping more than five percent, after the drone strike in the emirate of Fujairah.</p>