Why is oil price rising? Brent jumps 2.5% after Trump rejects Iran peace proposal

Brent crude oil prices rise after Trump rejects Iran peace proposal. 
 (Pexel/Representative image) (Pexel)

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

Oil jumps over $2 after Trump rejects return to Iran ceasefire deal terms

Oil jumps over $2 after Trump rejects return to Iran ceasefire deal terms

By Siddharth Cavale Oil jumps over $2 after Trump rejects return to Iran ceasefire deal terms NEW YORK, – Brent crude prices jumped by more than $2 a barrel on Thursday, after a Wall Street Journal report said U.S. President Donald Trump is not interested in returning to terms of a memorandum of understanding reached … Read more

Texas wildfire jumps creeks and rivers as powerful winds drive rapid spread

Texas wildfire jumps creeks and rivers as powerful winds drive rapid spread

The Ross Fire burns in Palo Pinto County, Texas. (Photo: AP) A fast-moving wildfire in north-central Texas has destroyed a family home and business property, burned buildings at a youth camp and forced evacuations across sparsely populated ranch country west of Fort Worth, while local ranchers opened barns for animals needing evacuation.The Ross Fire began … Read more