Oil prices have rebounded after US President Donald Trump rejected an Iranian peace proposal to end the war and reopen the Strait of Hormuz.
The rejection has caused a surge in oil markets, with Brent Crude futures rising more than 1 percent to $105.64 a barrel by 00:36 GMT on September 28th, according to Reuters.
In contrast, US West Texas Intermediate crude climbed over half a percent, reaching $93.11 a barrel.
More on Commodities
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