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oil prices surge after trump rejects iran ceasefire bid
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Oil prices surge after Trump rejects Iran ceasefire bid

U.S. President Donald Trump’s sharp dismissal of Iran’s latest ceasefire proposal has propelled oil prices higher, boosting fortunes for major energy firms as the Strait of Hormuz blockade continues to throttle global supplies. Brent crude jumped 4.1% to $105.50 per barrel in early...

By Mike Jerome Infante | 12 May 2026 | 2 min read
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