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Oil rebounds after Trump rejects Iran peace deal
Source: reuters.com
Energy Markets & PricesGeopolitics & WarTrade Policy & Supply Chain
Oil prices rebounded more than 1% on Monday after President Donald Trump rejected an Iranian peace proposal that could have resolved the conflict and reopened the Strait of Hormuz. The continued disruption risk to the key oil-shipping chokepoint raises the prospect of tighter crude supplies and heightened energy-market volatility.
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