Oil prices rose on Monday morning in Asia after plans for a second round of peace talks between the US and Iran stalled again. Brent, the global benchmark, rose by 2.2% to $107.70 (£79.66) a barrel, while US-traded crude gwas up by 2.

Iran has loaded the equivalent of 4.6 million barrels of oil at crude-oil terminals, according to TankerTrackers.com, a ship-tracking website. The loading, if confirmed, potentially frees up a few days of oil-storage capacity.

Iran has threatened to resume strikes on oil facilities in the region if any of its oil infrastructure “explodes” due to the U.S.’s blockade on its ports. President Donald Trump claimed earlier on Sunday that Iran has just three days before its oil lines explode,

U.S. stock-index futures were mixed on Sunday as oil prices rose, ahead of a key week for Wall Street following record highs for the S&P 500 and the tech-heavy Nasdaq.

The lines could explode because of mechanical problems exacerbated by Trump's blockade of Iranian ships in the Strait of Hormuz, Trump said.

Oil rose in Asia amid rising tensions related to the Strait of Hormuz, while equities in the region advanced gained tracking Wall Street’s gains on Friday.

Planned peace talks in Islamabad scheduled for the weekend never happened after delegations from both the US and Iran pulled out.

Oil prices rose Sunday after an Iranian official warned that the Strait of Hormuz will “under no circumstances” return to its previous state.