Oil Price Spike as Trump Rejects Iran Peace Proposal and Iran Vows to Fight

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Source: CBS News
Oil Price Spike as Trump Rejects Iran Peace Proposal and Iran Vows to Fight
Photo: CBS News
TL;DR Summary

Oil prices surged above $100 as President Trump rejected Iran’s peace proposal, while Iran vowed to continue fighting if necessary and regional tensions— including drone incidents near the Strait of Hormuz and ongoing Lebanon-Israel clashes—remain volatile. India’s Modi urged citizens to work from home and conserve fuel amid the energy crisis, underscoring the global impact of the Iran conflict.

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