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Economy1:10 PM ET

Oil soars above $107 after Trump rejects Iran peace deal, expects fresh strikes after midterms

Oil soared above $107 a barrel on Monday on news President Trump rejected an Iranian peace proposal and expects to resume US strikes after the November midterms – threatening to keep inflation higher for longer.

Republican Ledger staff · 1:10 PM ET

Oil soars above $107 after Trump rejects Iran peace deal, expects fresh strikes after midterms
The Republican Ledger

Our newsroom is writing this report…

Oil soared above $107 a barrel on Monday on news President Trump rejected an Iranian peace proposal and expects to resume US strikes after the November midterms – threatening to keep inflation higher for longer.

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