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Oil markets are reflecting the turmoil in the Middle East, as US President Donald Trump dismissed Iran's proposal for peace, while Houthi attacks bolster fears of longer disruptions.
Brent crude rises more than 3 percent to top $107 a barrel as Washington dismisses Tehran's proposal to end war.
Oil soared above $107 a barrel on Monday on news President Trump rejected an Iranian peace proposal and expects to resume US strikes after the November midterms – threatening to keep inflation high…