Oil rebounds after Trump rejects Iran peace deal

Oil prices rebounded more than 1% on Monday after US President Donald Trump rejected a peace deal from Iran to resolve their conflict and reopen the Strait of Hormuz.Brent crude futures ICEEUR:BRN1! rose $1.82, or 1.74%, to $106.14 a barrel by 2202 GMT while US West Texas Intermediate crude NYMEX:C…