Oil Jumps as Trump Rebuffs Iran’s Offer

    Oil surged after US President Donald Trump rejected Iran’s latest response to his proposal to end the war in the Middle East, prolonging the effective closure of the crucial Strait of Hormuz. Bloomberg’s Anthony di Paola has more. (Source: Bloomberg) Source link

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      Saudi Aramco Warns of Long Oil Supply Disruption

      Saudi Aramco Chief Executive Officer Amin Nasser warned of a long disruption to oil markets from the near closure of the Strait of Hormuz, while the company reported a jump in profit following higher prices and its ability to redirect exports via a pipeline bypassing the vital waterway. Bloomberg’s Anthony di Paola reports. (Source: Bloomberg) Source…

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