Oil Rises by More Than 1% After Trump Rejects Iranian Proposal
Bethlehem - Afaq News - Oil prices rose by more than 1% on Monday, driven by ongoing tensions in the Middle East following U.S. President Donald Trump's rejection of an Iranian proposal to end the conflict and reopen the Strait of Hormuz. Brent crude climbed to $105.64 per barrel, while West Texas Intermediate reached $93.11.
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Bethlehem - Afaq News - Oil prices rose by more than 1% on Monday, driven by ongoing tensions in the Middle East following U.S. President Donald Trump's rejection of an Iranian proposal to end the conflict and reopen the Strait of Hormuz.
Brent crude rose to $105.64 a barrel, while West Texas Intermediate reached $93.11, as Trump mentioned the possibility of resuming talks with Iran during the current week.
Source: Ma'an News Agency
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