Oil rebounds after Trump rejects Iran peace deal
Crude prices rebounded following a four-session decline as traders balanced ongoing Middle East supply risks against a fresh diplomatic standoff. President Donald Trump rejected a seven-day roadmap proposed by Iran to reopen the Strait of Hormuz, asserting that Tehran is losing so badly and refusing to lift a U.S. naval blockade until Iran completely abandons its nuclear weapons ambitions. Iranian Foreign Minister Abbas Araghchi stated that Tehran awaits an official response from Washington to its proposal, while President Masoud Pezeshkian warned that Tehran no longer accepts the terms.
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- ✓ President Donald Trump rejected Iran's seven-day roadmap to reopen the Strait of Hormuz, stating the proposed deal was not acceptable.
- ✓ Iranian Foreign Minister Abbas Araghchi stated that Tehran is still waiting for an official response from Washington to its proposal to reopen the strait.
- ✓ President Trump stated that Iran can not have a nuclear weapon and that the U.S. naval blockade stays until Tehran capitulates completely.
- ✓ Oil prices edged higher, snapping a four-session decline as traders balanced persistent Middle East supply risks.
What changed
President Trump officially turned down Iran's ceasefire and Hormuz reopening proposal, stating the terms were unacceptable and demanding total capitulation on nuclear ambitions.
Live updates
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Oil Rebounds After Trump Rejects Iran Peace Deal
Crude prices rebounded following a four-session decline as traders balanced ongoing Middle East supply risks against a fresh diplomatic standoff. President Donald Trump rejected a seven-day roadmap proposed by Iran to reopen the Strait of Hormuz, asserting that Tehran is losing so badly and refusing to lift a U.S. naval blockade until Iran completely abandons its nuclear weapons ambitions. Iranian Foreign Minister Abbas Araghchi stated that Tehran awaits an official response from Washington to its proposal, while President Masoud Pezeshkian warned that Tehran no longer accepts the terms.
Why it matters
The rejection of the Iranian proposal signals a reliance on economic warfare and a naval blockade rather than immediate airstrikes to pressure Tehran. President Trump accused Iran of attempting to drive up oil prices ahead of the U.S. midterm elections by fabricating shipping attacks in the Strait of Hormuz, which he claimed is busier than before the conflict. The standoff keeps oil prices pressured above the 100 dollar mark as markets weigh the risk of renewed U.S. military strikes against lingering diplomatic efforts.
What is confirmed
- President Donald Trump rejected Iran's seven-day roadmap to reopen the Strait of Hormuz, stating the proposed deal was not acceptable.
- Iranian Foreign Minister Abbas Araghchi stated that Tehran is still waiting for an official response from Washington to its proposal to reopen the strait.
- President Trump stated that Iran can not have a nuclear weapon and that the U.S. naval blockade stays until Tehran capitulates completely.
- Oil prices edged higher, snapping a four-session decline as traders balanced persistent Middle East supply risks.
Still unconfirmed
- President Trump claimed that Iran is trying to push up oil prices ahead of the midterm elections by making up attacks on shipping in the Strait of Hormuz.
- President Trump claimed the Strait of Hormuz is busier than it was before the war.
What to watch next
- Any official U.S. response from Washington to Iran's proposal to reopen the Strait of Hormuz
- Whether crude prices maintain their position above 100 dollars amid ongoing supply disruptions
- Potential resumption of U.S. military strikes or further diplomatic outreach involving regional actors
confidence 95%Sources used for this update (14)
- www.cnn.com — Breaking News, Latest News and Videos | CNN
- gtvnewshd.com — Iran Warns Enemies: “Surprises” Are Ready as New Military Technology Awaits
- thearabianpost.com — Oil rebounds as markets weigh Iran diplomacy — Arabian Post
- www.aa.com.tr — Morning Briefing: Oct. 24, 2026
- www.rawstory.com — Trump spins out over Iran war quagmire: 'They are even making ...
- southeast.newschannelnebraska.com — AP News Summary at 12:00 a.m. EDT - Southeast News Channel Nebraska
- newsinsights.org — Trump REJECTS Irans Latest Offer – Why? | News Insights
- finance.yahoo.com — Trump Calls Off Iran Strike But Will Oil Hold Above $100?
- www.newsday.com — Trump says latest Iran peace offer not enough, may resume bombing, and other Mideast developments
- transcripts.cnn.com — CNN International: Lula Wins Brazil's Election in Surprise Victory; Venezuelan Opposition Leader Machado Returns from Exile; U.S. ....
- unherd.com — France and the future of the American Right
- finance.yahoo.com — Oil Declines as Traders Parse Signs of Fresh Diplomacy on Iran
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US and Israel reportedly prepare attacks on Iran as regional tensions rise
The US and Israel are preparing to resume attacks on Iran, according to a US official and senior Iranian officials. This escalation follows President Donald Trump's rejection of an Iranian peace deal regarding the Strait of Hormuz. Regional instability has already forced Saudi Arabia to postpone the Future Investment Initiative, originally set for October 26, due to Houthi missile and drone strikes on Riyadh. While Trump signals openness to trilateral nuclear talks with Russia and China in November, Iran warns it will retaliate against any US attack.
Why it matters
The conflict centers on Iran's demand for international recognition of its control over the Strait of Hormuz and the right to collect shipping fees. A previous 60-day interim agreement for free passage has lapsed. The timing coincides with upcoming Israeli elections and US midterm elections.
What is confirmed
- Saudi Arabia postponed the Future Investment Initiative, originally scheduled for October 26, until next year.
- The Houthi militia has launched missiles and drones at Riyadh for several weeks.
Still unconfirmed
- The US and Israel are preparing to resume attacks on Iran.
What to watch next
- Israeli election results
- APEC summit in China
- Confirmation of US or Israeli military operations against Iran
confidence 70%Sources used for this update (8)
- www.topstep.com — Topstep Weekly Market Kickoff: July 7, 2026
- tribune.com.pk — US-Iran negotiations ongoing as regional tensions mount: Qatari official
- www.hindustantimes.com — Everything is going wrong for Muhammad bin Salman | World News
- sitkasentinel.com — AP News Digest 6 a.m. - Daily Sitka Sentinel
- businessupturn.com — Trump signals willingness for nuclear talks with Xi and Putin amid global tensions · Business Upturn
- blackstarnews.com — US-Israeli War On Iran: Tehran Preparing For Another Round Of Escalatory Attacks By Trump And Netanyahu
- aaronparnas.substack.com — NEWS: Trump Grows Confused at Rally Leaving Advisors Concerned, Trump Threatens Reporters, Russia Bombs Ukraine, Hegseth Breaks Gl....
- us.cnn.com — Photos this week: October 15-22, 2026 | CNN
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Oil prices rise as Trump rejects Iran Hormuz proposal
Crude oil prices climbed after US President Donald Trump rejected a proposal from Iran regarding the Strait of Hormuz. Traders are now focusing on WTI at $95.18 and Brent at $99.20. While an interim agreement previously allowed free passage for 60 days, Tehran is demanding permanent international recognition of its control over the strait, including the right to charge shipping fees. Iran refuses to negotiate other disputes until this demand is met. Mediators continue efforts to broker a deal despite the rejection.
Why it matters
The US and Iran are currently on day 176 of a ceasefire, though 148 violations have been logged. Tensions center on the Strait of Hormuz, a critical chokepoint for global oil supplies. Failure to reach a permanent agreement risks renewed hostilities or shipping disruptions.
What is confirmed
- President Donald Trump rejected Iran's proposal regarding the Strait of Hormuz.
- An interim deal with the US allowed free passage through the strait for 60 days.
- WTI oil is focused at $95.18 and Brent at $99.20.
Still unconfirmed
- Iran's Foreign Minister Abbas Araghchi is scheduled to meet UN Secretary-General Antonio Guterres on Monday.
- There have been 148 violations of the current ceasefire.
- The last confirmed US-Iran strike occurred 10 days ago.
What to watch next
- Outcome of the meeting between Abbas Araghchi and Antonio Guterres
- Expiration of the 60-day free passage agreement
- Official US response to Iran's demand for shipping fee levies
confidence 85%Sources used for this update (6)
- economictimes.indiatimes.com — iran us deal: Latest News & Videos, Photos about iran us deal | The ...
- spectrumlocalnews.com — Mediators working to broker U.S.-Iran deal even after Trump rejected latest Tehran proposal
- militaryspend.org — Iran Ceasefire Status 2026: Is the US-Iran War Over? Live Tracker
- www.middleeastmonitor.com — Trump can strike Iran again. He cannot bomb Hormuz open
- www.fxempire.com — Oil News: Crude Oil Outlook Turns Higher as Hormuz Peace ...
- cryptoticker.io — Bitcoin price prediction: dominance at 60.2 percent, Polkadot down 13 percent: which levels decide now
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Oil rebounds after Trump rejects Iran peace deal
Oil prices are climbing, nearing US$105 per barrel, after US President Donald Trump rejected an Iran peace deal that included economic relief for Iran. The deal, which aimed to end the conflict between the US and Iran, suggested Iran would receive sanction waivers, access to frozen assets, and a $300 billion development fund. Trump's rejection has raised concerns over global supplies, and traders fear Tehran could escalate by attacking ports, pipelines, or oilfields.
Why it matters
The ongoing conflict between the US and Iran has been affecting oil prices, with traders fearing escalation and its impact on global supplies. The International Energy Agency has released oil stocks, and recent US inventory reports indicate larger-than-expected declines in crude stockpiles. The mounting security risks and tightening supplies are driving ongoing volatility across global energy markets.
What is confirmed
- Oil prices surged more than 5% as fears of fresh US strikes on Iran raised concerns over global supplies.
- The US appears to have gained the upper hand in the battle over the Strait of Hormuz, with allied crude exports recovering to about 80% of prewar levels while Iran's own exports have fallen to zero.
- The draft agreement aimed at ending the conflict between the US and Iran suggests that Iran will receive economic relief through several mechanisms, including sanction waivers, access to frozen assets, and a $300 billion development fund.
Still unconfirmed
- Qatar said on October 6 that indirect US-Iran talks were continuing and the G7 moved to release 100 million barrels of oil and fuel stocks.
What to watch next
- US-Iran talks
- Global oil supply and demand
- US military presence in Iraq
confidence 85%Sources used for this update (7)
- economictimes.indiatimes.com — Business News Live, Share Market News - Read Latest Finance News, IPO ...
- www.mediamatters.org — Trump agreed to economic relief for Iran. In response, some Fox ...
- economictimes.indiatimes.com — US IRAN WAR IMPACT OIL PRICES - The Economic Times
- www.wionews.com — Oil prices climb above $105 as Trump considers renewed ... - WION
- help.naver.com — Futures Flat As Oil Rebounds After Trump's "Energy Ceasefire" Unravels, Memory Stocks Slide | ZeroHedge
- www.marketscreener.com — Global Stocks Fall on Higher Oil Prices, AI Pullback | MarketScreener
- timesofindia.indiatimes.com — Saudi Arabia Turns To Iran Amid Houthi Strikes, Dealing Trump A Major Gulf Blow? - Times of India Videos
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Crude Prices Rise as Shipping Attacks Surge in Strait of Hormuz
Crude oil prices are climbing and trading near US$98 to over US$101 per barrel following a surge in shipping attacks in the Gulf and the Strait of Hormuz. Tankers transiting the vital waterway are facing near-daily fire as Iran attempts to choke off oil exports. Meanwhile, the International Energy Agency has released oil stocks, and recent United States inventory reports indicate larger-than-expected declines in crude stockpiles. The mounting security risks and tightening supplies are driving ongoing volatility across global energy markets.
Why it matters
Energy markets remain highly sensitive to disruptions in the Middle East as military actions and diplomatic discussions unfold in parallel. The security situation in the Strait of Hormuz directly threatens international petroleum shipments and global supply stability. Supply concerns persist despite the release of emergency reserves and falling domestic crude inventories.
What is confirmed
- Crude prices are trading near US$98 to over US$101 per barrel amid rising Middle East tensions.
- Oil tankers transiting the Strait of Hormuz are coming under fire almost daily.
- Recent United States inventory reports indicated larger-than-expected declines in crude stockpiles.
- The International Energy Agency has released oil stocks.
Still unconfirmed
- US Central Command has rejected Iran's assertion that the Strait of Hormuz is closed, stating that traffic continues.
What to watch next
- Further updates on diplomatic negotiations and peace deal proposals between the United States and Iran
- Upcoming inventory reports from the International Energy Agency and United States stockpiles
- Security developments regarding commercial vessel traffic in the Strait of Hormuz
confidence 90%Sources used for this update (14)
- www.cnbc.com — Crude Oil Prices Today and Oil Market News - CNBC
- oilprice.com — Crude Oil Prices Today | OilPrice.com
- oilprice.com — Oil News Today | OilPrice.com
- tradingeconomics.com — Crude Oil - Price - Chart - Historical Data - News
- www.liveoilprices.com — Live Oil Prices — Real-Time Crude Oil & Energy Market Data
- en.wikipedia.org — Oil - Wikipedia
- en.wikipedia.org — Petroleum - Wikipedia
- economictimes.indiatimes.com — IRAN WAR CRUDE OIL PRICES - The Economic Times
- economictimes.indiatimes.com — Trump Iran war: Strait of Hormuz, uranium and oil prices: The three issues now standing between Trump and....
- flipboard.com — Tanker attacks in Strait of Hormuz surge to wartime high as Iran tries to choke off oil exports
- economictimes.indiatimes.com — Somanjali Das news: Read stories by Somanjali Das on
- www.tickmill.com — Crude Rallying on Resurgent Middle East Tensions | Tickmill
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Oil Rebounds After Trump Rejects Iran Deal
Crude prices rebound and trade near US$98 to over US$101 per barrel following Donald Trump's rejection of an Iran peace deal. Financial markets experienced a dramatic reversal after comments regarding an Iran conflict, while persistent maritime attacks in the Strait of Hormuz continue amid stalled diplomatic negotiations. Iran has launched approximately 30 drone attacks and 10 anti-ship missile attacks per week against commercial vessels since August according to confidential data shared by a Western security official. The United States military is deploying a third aircraft carrier strike group and an amphibious force with 2,000 Marines to the Middle East.
Why it matters
Escalating maritime disruptions in the Strait of Hormuz threaten global supply chains and energy flows. Traders monitor volatile supply conditions as diplomatic efforts stall and military deployments expand in the region.
What is confirmed
- Crude prices trade near US$98 to over US$101 per barrel.
- The United States military is deploying a third aircraft carrier strike group and an amphibious force with 2,000 Marines to the Middle East.
Still unconfirmed
- Donald Trump stated that an Iran war is very complete.
What to watch next
- Developments regarding diplomatic negotiations with Iran
- Further updates on maritime security and attacks in the Strait of Hormuz
- Movements in crude oil futures and global stock market reactions
confidence 80%Sources used for this update (3)
- www.gulf-times.com — tag - Gulf Times
- www.wionews.com — Oil prices, stocks stage dramatic reversal after Trump says ...
- www.zerohedge.com — Futures Slide As Oil Jumps On Iran Strike Report, Bond Rout Resumes Ahead Of 30Y Auction | ZeroHedge
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Oil Rises and Tanker Attacks Surge in Strait of Hormuz
Crude prices rebound and trade near US$98 to over US$101 per barrel as maritime attacks in the Strait of Hormuz persist amid stalled diplomatic negotiations. Iran has launched approximately 30 drone attacks and 10 anti-ship missile attacks per week against commercial vessels since August, according to confidential data shared by a Western security official. Meanwhile, the United States military is deploying a third aircraft carrier strike group and an amphibious force with 2,000 Marines to the Middle East. Traders continue to monitor volatile supply flows and geopolitical tensions.
Why it matters
Geopolitical friction in the Middle East has directly impacted global commodities markets, with persistent disruptions affecting commercial maritime transit through the Strait of Hormuz. Israeli Prime Minister Benjamin Netanyahu recently predicted the fall of Iran's leadership, while Iran's top military commander warned that a new conflict would engulf the region. The United States and Israel previously launched joint pre-emptive strikes against Iranian targets on February 28.
What is confirmed
- Since the beginning of August, Iran has launched about 30 drone attacks and 10 anti-ship missile attacks per week against commercial ships transiting the Strait of Hormuz, according to confidential data shared by a Western security official.
- The United States military is sending a third aircraft carrier strike group and an amphibious force with 2,000 Marines to the Middle East.
- Brent crude futures previously rose US$1.71, or 1.6 per cent, to reach US$106.99 a barrel during trading sessions following Donald Trump's rejection of an Iranian peace proposal.
Still unconfirmed
- US President Donald Trump is expected to name US Director of National Intelligence Jay Clayton as his AI czar, according to CNN sources.
What to watch next
- Any official announcement from US President Donald Trump regarding the appointment of an AI czar.
- Further developments regarding the deployment of the third US aircraft carrier strike group and Marines to the Middle East.
- Changes in oil price benchmarks and freight rates for Gulf-to-China voyages.
confidence 90%Sources used for this update (8)
- www.dawn.com — War returns to Iran with Israel, US strikes - DAWN.COM
- english.aawsat.com — Iran Launches 30 Drone, 10 Missile Attacks Per Week on Ships in Hormuz
- www.cnbctv18.com — Brent at $98; Oil prices steady as investors weigh ... - CNBCTV18
- english.aawsat.com — Trump Reportedly Expected to Name Jay Clayton as AI Czar
- www.dropsitenews.com — U.S. deploys another carrier to the Middle East; Putin escalates Kaliningrad threats; Mass funeral in Gaz....
- www.iranintl.com — Netanyahu predicts Iran’s fall, top general warns of new war
- www.briefs.co — Tanker Attacks Climb as Hormuz Flows Recover, Nudging Oil Past $101
- www.upi.com — U.S. to send third aircraft carrier, more troops to Middle East - UPI.com
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Oil Rises as Trump Denies Iran Sanctions Relief
Crude prices climbed as United States President Donald Trump rejected a peace proposal from Iran and denied offering sanctions relief. Brent crude futures rose US$1.71, or 1.6 per cent, to reach US$106.99 a barrel during the trading sessions. Stalled negotiations and geopolitical conflict in the Middle East drove the market higher, erasing prior optimism about a resolution and the reopening of the Strait of Hormuz. Stock futures slipped as traders reacted to the diplomatic deadlock.
Why it matters
The rejection of the peace proposal ends market optimism that had previously pushed prices down due to recovering crude exports. Tensions remain elevated as the conflict between the United States, Israel, and Iran continues to threaten regional energy supplies and global fuel markets.
What is confirmed
- Oil prices rose after United States President Donald Trump denied easing sanctions on Iran.
- Brent crude futures for November rose US$1.71, or 1.6 per cent, to US$106.99 a barrel.
Still unconfirmed
- Washington had offered Tehran access to resources to rein in its nuclear programme.
What to watch next
- Any formal responses from Tehran regarding the rejected peace proposal
- Developments in Qatari-led diplomatic mediation efforts
- Movements in crude export volumes through the Strait of Hormuz
confidence 100%Sources used for this update (5)
- www.cnbc.com — Oil climbs after Trump denies he is willing to ease sanctions on Iran
- energy.economictimes.indiatimes.com — Oil Prices Surge as Trump Rejects Iran Sanctions Relief Amid Rising Middle East Supply, ETEnergyworld
- www.asiaone.com — Oil prices rise for second session on continued Middle East supply concern, Money News - AsiaOne
- newswav.com — Iran-US war latest: Trump denies offering Tehran sanctions relief to rein in its nuclear programme - News....
- cde.news — Oil Prices Surge 1% as Trump Rejects Iran Peace Deal
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Oil Prices Rise Following Trump Rejection of Iran Peace Deal
Crude prices climbed about 2 percent on Monday after United States President Donald Trump rejected an Iranian peace proposal. The diplomatic rejection erased prior market optimism regarding a potential resolution to the conflict and the reopening of the Strait of Hormuz. Brent crude futures rose US$1.32, or 1.27 per cent, to settle at US$105.64 a barrel. The stalled negotiations and tightened fuel markets drove prices higher while keeping Middle Eastern geopolitical tensions elevated and causing stock futures to slip.
Why it matters
The Strait of Hormuz remains a critical choke point for global crude shipments, making any disruption to its waterways an immediate driver of energy volatility. Diplomatic channels between Washington and Tehran have repeatedly stalled, leaving markets vulnerable to abrupt shifts in military and political posture. Financial markets continue to react broadly to the persistent friction, weighing energy supply risks against broader economic indicators.
What is confirmed
- US President Donald Trump rejected a peace deal from Iran intended to resolve their conflict and reopen the Strait of Hormuz.
- Oil prices climbed about 2 percent on Monday following the rejection.
- Brent crude futures rose US$1.32, or 1.27 per cent, to settle at US$105.64 a barrel.
What to watch next
- Any formal counter-proposal or diplomatic resumption between the United States and Iran.
- Further movements in Brent crude futures and related fuel market tightening.
- Developments regarding the operational status of the Strait of Hormuz.
confidence 100%Sources used for this update (4)
- www.investors.com — Stock Market Today | Investor's Business Daily
- www.marketscreener.com — Oil heads higher as US-Iran peace talks in stalemate
- www.rte.ie — Oil prices rise 2% after Trump rejects Iran peace deal - RTÉ
- www.myjoyonline.com — Oil heads higher as US-Iran peace talks in stalemate - MyJoyOnline
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Oil Rebounds After Trump Rejects Iran Peace Deal
Crude prices climbed after United States President Donald Trump rejected an Iranian peace proposal aimed at resolving their conflict and reopening the Strait of Hormuz. Brent crude futures rose US$1.32, or 1.27 per cent, to settle at US$105.64 a barrel. The rejection erased earlier market optimism driven by a potential diplomatic solution and expectations of reopened shipping lanes. Prices later extended gains alongside tightening fuel markets and stalled negotiations. Meanwhile, the broader financial markets saw stock futures slip and Treasury yields react to the ongoing geopolitical friction.
Why it matters
Oil markets remain highly sensitive to disruptions in the Strait of Hormuz, a critical energy transit choke point. Diplomatic efforts involving Qatari mediators have intersected with direct threats from Washington, keeping supply anxieties elevated. The failure of the latest peace overture immediately reversed a sharp downward trend in crude prices that had been sparked by earlier hopes for a settlement.
What is confirmed
- US President Donald Trump rejected a peace deal from Iran to resolve their conflict and reopen the Strait of Hormuz.
- Oil prices climbed about 2 percent on Monday following the rejected peace proposal.
- Brent crude futures rose US$1.32 to US$105.64 a barrel by early trading.
- Qatari mediators pledged to hold talks with the United States and Iran amid ongoing supply disruption worries.
What to watch next
- Further developments in US-Iran diplomatic talks involving Qatari mediators
- Official updates regarding the operational status and security of the Strait of Hormuz
- Movement in US fuel inventories and refined product markets
confidence 100%Sources used for this update (15)
- cbsnews.com — Iran War Updates: U.S. and Iran hold first talks since June after Trump threatens regime with annihilation
- CNBC — Oil falls amid optimism over potential diplomatic solution to the Iran conflict
- Barchart.com — Crude Prices Fall Sharply in Hopes of a Deal to Reopen Hormuz
- Reuters — Oil rebounds after Trump rejects Iran peace deal
- Bloomberg.com — Oil Up, Stock Futures Slip as Iran Offer Rejected: Markets Wrap
- finance.yahoo.com — Oil prices rise 2% after Trump rejects Iran peace deal
- www.aol.com — Oil prices settle slightly higher on supply worries as Trump ...
- journalrecord.com — Oil prices rise 2% after Trump rejects Iran peace deal
- myinvestingnews.com — Trump Rejected Iran’s Hormuz Deal And Oil Is Rebounding. The Bigger Move Is In Treasuries, Where The 10-Year Just Hit A One-Year High.
- note.com — Market Outlook and Notable Stocks from GEX Perspective 2026-09-28
- note.com — Diesel is Scarier Than Crude Oil | The Real Bottleneck Moving Global Prices
- www.asiaone.com — Oil rebounds after Trump rejects Iran peace deal, Money News - AsiaOne
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