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General . United States . 3 months ago

Oil Prices Rise As U.S., Iran Disagree On Peace Proposal

Oil Prices Rise As U.S., Iran Disagree On Peace Proposal

SINGAPORE, May 11 (Reuters) - Oil prices rallied on Monday, a day after President Donald Trump said Iran’s response to a U.S. proposal was “unacceptable,” raising supply fears as the Strait of Hormuz stayed largely closed, which kept the global market tight.Brent crude futures LCOc1 climbed $4...

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