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Oil prices climbed to six-week highs on Wednesday, as investors weighed escalating military clashes between the U.S. and Iran and the growing threat to Middle East energy supplies from a naval blockade targeting Saudi Arabia.
【Iran on Thursday Rejected a Ceasefire Proposal Put Forward by Trump】
According toThe New York Times, Iranian and Iraqi officials revealed that Iran rejected a ceasefire proposal from U.S. President Trump on Thursday, a proposal that was relayed to Tehran by the Iraqi Prime Minister.The mediation effort did not yield results, and during this time, Trump was threatening to escalate the war and considering action against Iran's critical infrastructure.