No deal yet to reopen Strait of Hormuz for oil shipments
Oil prices rebounded more than one per cent on Monday after US President Donald Trump rejected a peace deal from Iran to resolve their conflict and reopen the Strait of Hormuz, keeping tensions in the Middle East elevated.
Brent crude futures rose $1.32 to $105.64 a barrel while US West Texas Intermediate crude was at $93.11 a barrel, up 70 cents.
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