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Oil prices moved higher after President Donald Trump rejected Iran’s ceasefire proposal, while diamond prices hit a record low and McDonald’s announced plans to upgrade restaurants.
Islam Times - Oil prices rose Monday after US President Donald Trump rejected a proposal for a seven-day truce and the reopening of the Strait of Hormuz, renewing concerns over energy supplies and inflation.
Oil prices climbed further on Tuesday as uncertainty over US-Iran talks fuelled inflation fears. Government bond yields rose to multi-year highs, putting pressure on stocks.