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WTI trades near $93.05 after Trump rejects Iran peace deal

WTI moved higher as the proposal aimed to reopen the Strait of Hormuz, which traders view as key to regional supply flows.

Reported · Written up by our desk · Energy

WTI, the US crude benchmark, was trading around $93.05 in early Asian hours on Monday after President Donald Trump rejected an Iranian peace proposal, according to FXStreet.

The proposal was intended to end the US-Iran conflict and reopen the Strait of Hormuz, but Trump said he expects talks with Iran to resume this week while Iran said it is awaiting a definitive US response and would not soften its conditions.

FXStreet also noted heightened regional risk tied to attacks in the Saudi Arabia theater, with Saudi-backed coalition forces in Yemen reporting interceptions of drones and a ballistic missile aimed at Khamis Mushait. Analysts at ANZ said geopolitical risks remain elevated, keeping regional supply flows vulnerable.

Latest closeWTI crude $92.44 ▼2.3%

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