Why is oil price rising? Brent jumps 2.5% after Trump rejects Iran peace proposal
Brent crude oil prices jumped more than 2% on Monday after US President Donald Trump rejected an Iranian peace proposal aimed at resolving the conflict and reopening the Strait of Hormuz. Brent futures rose $2.60, or 2.49%, to $106.92 a barrel at 0803 GMT. Brent crude oil prices rise after Trump rejects Iran peace proposal. … Read more