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Oil up, Wall Street dips after Trump rejects Iran truce offer

요약

Oil futures surged more than four percent before retreating from their latest peak on Monday, alongside gains for natural gas and diesel prices, after US President Donald Trump rejected Iran's offer of a seven-day truce."There was renewed strength in oil prices after comments from President Trump that he had rejected Iran's latest proposal to reopen the Strait of Hormuz," noted AJ Bell investment director Russ Mould.