Oil Jumps After Trump Says Iran’s Peace Offer ‘Unacceptable’

Oil surged after US President Donald Trump rejected Iran’s latest response to his proposal to end the war in the Middle East, prolonging the effective closure of the crucial Strait...

By Yongchang Chin · Bloomberg Markets

Oil surged after US President Donald Trump rejected Iran’s latest response to his proposal to end the war in the Middle East, prolonging the effective closure of the crucial Strait of Hormuz.