Trump rejects Iran's response to US peace proposal as 'unacceptable'

The Straits Times — May 11, 01:36 AM

DUBAI/WASHINGTON, May 11 - President Donald Trump's swift rejection of Iran's response to a U.S. peace proposal sent oil prices surging higher on Monday amid concerns the 10-week-old conflict will drag on, keeping shipping through the Strait of Hormuz paralyzed.

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