Oil Gains After Trump Rejects Ceasefire

Oil prices rose by more than 2% after U.S. President Donald Trump rejected the idea of returning to a ceasefire agreement with Iran, undermining efforts to resume diplomatic negotiations. Brent crude climbed to $89.70 per barrel, while West Texas Intermediate reached $83.53, amid expectations that the chances of a political breakthrough to boost oil flows from the Middle East have diminished. Washington confirmed that there are no ongoing talks with Iran, while Iranian officials warned of threats to target American interests if the situation escalates.

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