Oil increases as Iran rejects Qatar talks
The price of oil rose after Iran announced the closure of the Strait of Hormuz, while the American president confirmed that closing the strait would lead to Iran's downfall and that the U.S. is prepared to guard it and secure 20% of the oil passing through. Trump also clarified that Iran will pay the price for delaying negotiations on an agreement, noting that oil prices increased following Iran's refusal to meet with Washington's envoys in Qatar.
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