KEY POINTS MAIN STORY Global oil prices climbed sharply on Monday after U.S. President Donald Trump swiftly rejected Iran’s response to a U.S.-brokered peace proposal, deepening concerns over the ongoing conflict and disruptions to global energy supplies. The development intensified fears that the 10-week-old conflict could drag on, prolonging instability around the Strait of Hormuz, … Continue reading Oil prices rise as Trump rejects Iran peace proposal amid Hormuz tensions