BusinessBrent Oil Rises 2.5% After Trump Rejects Iran Peace Proposal
Brent crude oil prices rose over 2% after US President Donald Trump rejected an Iranian peace proposal aimed at resolving the conflict and reopening the Strait of Hormuz. Brent futures increased by $2.60 to $106.92 per barrel, while US West Texas Intermediate crude also climbed to $94.49 per barrel. The price surge reflects market uncertainty over the conflict and oil shipments through the Strait of Hormuz.
HT World·3h ago