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Trump Rejects Iran Ceasefire Proposal, Crude Oil Prices Surge

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Crude oil futures opened the week higher after US President Trump pushed back on Iran's proposed ceasefire roadmap. The proposal, which would have led to a reopening of the Strait of Hormuz, was rejected by Trump.

The move comes as tensions in the Middle East remain high, with military strikes against Iran still possible after the November midterm elections.

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