Oil prices jump as Trump rejects Iranian terms
US President Donald Trump's swift rejection of Iran's response to a U.S. peace proposal sent oil prices surging on Monday amid concerns the 10-week-old conflict will drag on, keeping shipping through the Strait of Hormuz paralyzed. Days after the US floated an offer in the hopes of re-opening negotiations, Iran on Sunday released a response focused on ending the war on all fronts, especially Lebanon, where U.S. ally Israel is fighting Hezbollah. Oil prices jumped in Asian...
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