Crude oil rises after Trump calls Iran's peace proposal 'totally unacceptable'.

Crude oil futures gained Sunday after President Trump rejected Iran's latest response to his proposal to end the Middle East as "totally unacceptable," while the Strait of Hormuz remains mostly ​closed.

Iran's proposal reportedly ​emphasizes Iranian sovereignty over the strait while calling on the U.S. to end its naval blockade, guarantee no further attacks, lift sanctions, and end a U.S. ban on Iranian oil ​sales.

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