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Oil climbs as Netanyahu warns Iran conflict is ‘not over,’ Trump rejects Tehran's proposal to end war
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- President Donald Trump, meanwhile, rejected Iran's counteroffer to end the war with the U.S. and Israel.
- West Texas Intermediate futures with June delivery advanced 3.08% to $95.42 per barrel, while the international benchmark Brent crude futures with July delivery rose 3.16% to $104.49 per barrel.
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Oil prices jumped Monday after Israeli Prime Minister Benjamin Netanyahu warned that the conflict with Iran was "not over," raising fears that tensions in the Middle East could escalate again and further threatening energy supplies.
U.S. President Donald Trump, meanwhile, rejected Iran's counteroffer to end the war with the U.S. and Israel. "I have just read the response from Iran's so-called "Representatives." I don't like it — TOTALLY UNACCEPTABLE!"
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