Trump rejects Iran peace terms, oil surges as Hormuz crisis deepens

President Donald Trump’s swift rejection of Iran’s response to a U.S. peace proposal sent oil prices surging on Monday amid concerns the 10-week-old conflict will drag on, keeping shipping through the Strait of Hormuz paralyzed. Days after the U.S. floated an offer in the hopes of re-opening negotiations, Iran on Sunday released a response focused […]