PoliticsTrump Rejects Iran's Peace Plan; Oil Prices Surge Amid Hormuz Closure
President Donald Trump quickly dismissed Iran's response to a U.S. peace proposal, causing oil prices to surge on Monday. The ongoing 10-week conflict has paralyzed shipping through the Strait of Hormuz, raising concerns about prolonged disruption. The U.S. recently offered the peace plan aiming to restart negotiations, but Iran's reply was rejected by Trump.
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