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2026 Iran war | Oil, Explained, United States, Israel, Strait of Hormuz, Map, & Conflict
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- Sep 27, 2026, 5:00 AM UTC
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Brent crude rises more than 3 percent to top $107 a barrel as Washington dismisses Tehran's proposal to end war.
President Donald Trump has rejected Iran's proposal to reopen the Strait of Hormuz.
Oil futures surged more than four percent before retreating from their latest peak on Monday, alongside gains for natural gas and diesel prices, after US...