WTI Crude Oil Rises 1.7% on Monday as Trump Threatens Iran Strikes

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According to Jin10, WTI crude oil rose 1.7% at market open on Monday (June 23), following renewed threats from former President Trump. Trump warned of U.S. strikes against Iran if Hezbollah continues attacks on Israel, raising concerns about Washington-Tehran peace negotiations. The threat came days after Trump signed a memorandum of understanding to initiate a 60-day de-escalation window, with high-level talks recently convening in Davos, Switzerland.
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