Oil Jumps as Hormuz Stays Shut After Trump Rebuffs Iran’s Offer
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Oil Jumps as Hormuz Stays Shut After Trump Rebuffs Iran’s Offer

May 10, 2026
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Posted 5 hours ago by

Oil surged after US President Donald Trump rejected Iran’s latest response to his proposal to end the war in the Middle East, prolonging the effective closure of the crucial Strait of Hormuz.

Oil Jumps as Hormuz Stays Shut After Trump Rebuffs Iran’s Offer
Bloomberg
Bloomberg

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