Tag: Oil Prices
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Oil Prices Surge as Trump Rejects Iran’s Peace Conditions
By George Omagbemi Sylvester Global oil prices surged sharply after former United States President Donald Trump rejected Iran’s latest conditions for a proposed peace agreement, intensifying fears of prolonged instability in the Middle East and possible disruption of global energy supply routes. The market reaction intensified on May 11, 2026, after Trump described Iran’s response…