Trump Rejects Iran Deal as Oil Prices Surge
Oil prices surged after the United States and Iran failed to reach a peace agreement, extending the 10-week conflict and keeping the Strait of Hormuz largely closed. Brent crude climbed above 104 dollars a barrel as global energy markets faced growing supply pressure.
President Donald Trump is now expected to discuss the crisis with Xi Jinping in Beijing. China's oil imports have fallen sharply, while Bangladesh and East Africa are seeking alternative fuel supplies amid fears of prolonged disruption.
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