Oil prices climb after Trump rejects Iran’s peace proposal

Oil prices are rising today, after US President Donald Trump dismissed Iran’s latest terms to end the war, sparking fears of a fresh escalation in the conflict that would keep the vital Strait of Hormuz shuttered for even longer. Brent crude, the global oil benchmark, was up 2.9 percent to $104.2 a barrel. WTI, the … The post Oil prices climb after Trump rejects Iran’s peace proposal appeared first on Egypt Independent.

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