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Dollar and oil rise as US Iran peace talks reach deadlock

The dollar and oil prices rose after President Trump rejected Iran's peace proposal. Brent crude hit $104.67 as the Strait of Hormuz remains closed.

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Brent Crude Oil rose 3.3% to $104.67 a barrel on Monday as deadlocked talks between the United States and Iran threatened Gulf energy flows. President Donald Trump rejected Tehran's peace proposal on Sunday, leaving the Strait of Hormuz effectively closed. Sustained closures risk operational stress by June, pressuring energy-importing economies like Japan and Europe.

Oil Markets React to Gulf Deadlock
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