Report
Brent tops $107 after Trump rejects Iran’s proposal to reopen the Strait of Hormuz
Al Jazeera reports Brent rose more than 3%, while Bloomberg says a selloff in US Treasuries resumed as the oil rally intensified inflation concerns.
TLDR
Reuters reports oil rebounded after Trump rejected Iran’s proposal to end the conflict and reopen the Strait of Hormuz. Reuters later described US-Iran peace talks as stalled. Al Jazeera reports Brent rose more than 3% to top $107 a barrel, while Bloomberg says a Treasury selloff resumed amid inflation concerns.
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