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Trump rejects Iran's response to US peace proposal as 'unacceptable'

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Score: -0.29Center / Neutral

By Nayera Abdallah, Elwely Elwelly and Idrees AliDUBAI/WASHINGTON, May 11 (Reuters) - President Donald Trump's swift rejection of Iran's response to a U.S. peace proposal sent oil prices surging higher on Monday amid concerns the 10-week-old conflict will drag on, keeping shipping through the Strait of Hormuz paralyzed.


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