Oil Prices Rise After Trump Rejects Iran Peace Deal

Oil Prices Rise After Trump Rejects Iran Peace Deal

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Oil prices increased by more than 1% following US President Donald Trump's rejection of a peace deal proposed by Iran aimed at resolving their conflict and reopening the Strait of Hormuz. Brent crude futures rose to $106.14 a barrel, while US West Texas Intermediate crude reached $93.55 a barrel. This price movement reflects market reactions to geopolitical tensions in the region.

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Originally published by gnews