Rolling coverage of the latest economic and financial news
The oil price is rising this morning, after Iran rejected a US ceasefire proposal last night.
Tehran rebuffed Donald Trump’s 15-point plan to end the war, calling it “extremely unreasonable”.
Trump has hit back, insisting Iran is still interested in a deal, and claimed Iranian negotiators feared being killed by their own side.
9am UPDATE: Brent crude is up 3.3% to $105.50 a barrel, a day after dropping amid hopes of a ceasefire breakthrough.
