Oil rebounds after Trump rejects Iran peace deal
USO•Oil prices rebounded more than 1% after U.S. President Donald Trump rejected an Iranian peace deal to resolve the conflict and reopen the Strait of Hormuz. Brent rose 1.74% to $106.14 a barrel, while U.S. West Texas Intermediate gained 1.23% to $93.55.
1. Oil prices rise
Oil prices rebounded more than 1% after Trump rejected Iran’s peace deal to resolve the conflict and reopen the Strait of Hormuz. Brent crude futures rose $1.82, or 1.74%, to $106.14 a barrel, while U.S. West Texas Intermediate gained $1.14, or 1.23%, to $93.55.
