New Delhi, April 28 -- Global oil prices rose early Tuesday as the US and Iran remained at odds over ending the war and reopening the Strait of Hormuz, a key global energy chokepoint.
At 8.35 PM, the June contract of Brent on the Intercontinental Exchange is trading at $109.31, higher by 1%, while the May contract of West Texas Intermediate on the Nymex rose 0.98% to $97.31 per barrel.
Iran has proposed reopening the Strait of Hormuz while deferring negotiations with the US on its nuclear programme. However, US President Donald Trump is reportedly "unhappy" with the proposal as it failed to address the issue of Iran's nuclear programme.
According to an Al Jazeera report, Iranian foreign minister Abbas Araghchi has discussed with region...
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