Oil prices surge as Middle East tensions escalate | 7NEWS

42 minutes ago The News Room

Oil prices have jumped another 3% amid escalating Middle East tensions. Iran has declared it will never bow down to the enemy, prompting Donald Trump to label the response as totally unacceptable. Israeli Prime Minister Benjamin Netanyahu has stated the war is far from over, while Iran proposes ending the war and lifting sanctions before beginning nuclear negotiations regarding enriched uranium removal. The US has outright rejected Iran’s proposal.

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