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Oil Prices Rise as Trump Rejects Iran Peace Proposal Amid Middle East Tensions

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Oil prices climbed on Monday as tensions in the Middle East intensified following Iran's recent peace proposal. U.S. President Donald Trump rejected the proposal, adding to uncertainty in global energy markets. Both Brent crude and West Texas Intermediate recorded price gains in response to the diplomatic standoff. Concerns over diesel exports are also influencing market sentiment alongside the geopolitical developments.

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Oil Prices Rise as Trump Rejects Iran Peace Proposal Amid Middle East Tensions · ShortSingh