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Oil prices climbed 2% as Trump rejected an Iran peace deal and Middle East exports rebounded, raising Brent to a two-week high. Market reacts to new uncertainty.
US President Donald Trump says he rejected Iran’s latest proposal aimed at reopening Strait of Hormuz
Crude oil opened higher after Trump rejected Iran’s Hormuz proposal, putting WTI’s $95.18 and Brent’s $99.20 levels in focus this week.