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New York Post Business · Sep 28, 2026 5:10 PM EDT EnergyGeopolitics

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.

Oil soars above $107 after Trump rejects Iran peace deal, expects fresh strikes after midterms
Image New York Post Business

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