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Trump Says Rejects Iran Proposal on Strait of Hormuz Deal, Oil Prices Surge 7% Again
According to foreign media reports, US President Donald Trump said that he will not lift the maritime blockade on Iranian ports until an agreement is reached with Iran to resolve t...
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Trump Says Rejects Iran Proposal on Strait of Hormuz Deal, Oil Prices Surge 7% Again
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According to foreign media reports, US President Donald Trump said that he will not lift the maritime blockade on Iranian ports until an agreement is reached with Iran to resolve the nuclear program issue, prolonging the standoff over the Strait of Hormuz.

Trump said he has rejected Irans recent proposal to reopen the Strait of Hormuz, postponing negotiations on the nuclear issue.

Related NewsEIA Crude Oil Stocks Change for May/08 in the United States is -4.306M, lower than the previous value of -2.313M. The forecast was -2.10M.
With the strait having been closed for two months and no signs of reopening in the near term, oil prices continued to rise. Brent crude oil futures for June delivery surged 7% to USD119 per barrel, while New York oil futures for June delivery also climbed 7% to USD106.97 per barrel.

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