Oil prices jump after Trump dismisses Iran proposal to end war

AI Summary

Oil prices surged following Donald Trump's rejection of an Iranian proposal aimed at mitigating conflict. The benchmark Brent crude increased by 3.1%, influenced by geopolitical uncertainties surrounding the Strait of Hormuz.

International oil benchmark Brent rose by 3.1% to $104.50 (£76.88) a barrel, while US-traded crude increased by 3% to $98.40. The key Strait of ...