Oil prices surge after Trump dismisses Iran offer
Oil prices jumped nearly 5% as tensions rise after President Trump rejected Iran's proposal. The Strait of Hormuz disruptions are causing major supply issues, pushing prices higher and raising fears of prolonged conflict. Analysts say if no deal is reached, we could see oil staying between $100-$110 a barrel, with potential spikes even higher. Peace could bring prices down to $80 or lower.
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