Global oil prices climbed sharply Monday following Trump’s rejection of the Iranian terms, reflecting growing concern that shipping through the Strait of Hormuz could remain heavily disrupted.
The waterway has become one of the conflict’s most sensitive flashpoints. Before the war, it served as a critical route for global crude exports from Gulf producers.
The continuing instability has increased pressure on the United States domestically, where rising fuel prices are becoming a political challenge ahead of congressional elections later this year. Polls show growing public frustration with the
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