Oil prices jump after Trump rejects Iran’s truce offer
AI Summary
Oil prices rose and stocks and bonds fell after US President Donald Trump rejected Iran’s proposal to reopen the Strait of Hormuz. The move reversed some of the optimism that had lifted markets late the previous week.
Oil prices rose while stocks and bonds fell after US President Donald Trump rejected Iran’s latest proposal to reopen the Strait of Hormuz, reversing some of the optimism that lifted markets late last week.