BusinessOil Prices Rise Over 1% After Trump Rejects Iran's Hormuz Proposal
Oil prices rose more than 1% after US President Donald Trump rejected Iran's proposal to reopen the Strait of Hormuz and resume peace talks. Brent crude futures for December rose 1.23% to $98.64 a barrel, and US WTI crude for November gained 1.06% to $93.39. Trump's rejection raised concerns over prolonged disruptions to global energy supplies and uncertainty about shipping through the strait.
Firstpost Business·3h ago




