Oil Prices Surge After Trump Rejects Iran Peace Offer
OilPrice.com
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Oil prices spiked in early Asian trade on Monday after President Trump unequivocally rejected Iran's response to a U. S. -drafted peace proposal. At the time of writing, Brent crude was up 3. 33%, trading at $104. 60 per barrel, while West Texas Intermediate had risen to $98. 62 per barrel, up 3.
35%. The spike followed a social media post from Trump on Sunday evening in which he described Iran's response to the proposal as "totally unacceptable".
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Original source: OilPrice.com