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Euronews
Euronews
Doloresz Katanich

Oil prices jump after Trump rejects Iran’s truce offer

Oil prices jumped more than 3%, with the international benchmark Brent trading above $107 a barrel early Monday morning in Europe, reflecting renewed concerns about a supply crisis that has pushed up costs worldwide.

This came after US President Donald Trump rejected an Iranian offer of a seven-day truce, reviving inflation concerns.

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