Iran just handed the U.S. a new proposal to reopen the Strait of Hormuz as oil hits $106 and Goldman Sachs warns prices are staying high
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Global markets are under pressure as the threat of a long energy disruption hangs over the Strait of Hormuz. Oil prices have climbed to $106 per barrel, and Goldman Sachs is warning that prices will stay high for the foreseeable future. At the same time, Iran has handed the United States a new proposal to reopen the critical waterway and end the ongoing war, while suggesting that nuclear talks be pushed to a later stage. U.S. President Donald Trump scrapped plans to send envoy Steve Witkoff a
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