US Senior Official: US rejects Irans most recent proposal
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The US has rejected Iran's latest proposal, deeming it a 'token improvement' with no meaningful concessions on its nuclear program. Crude oil prices have surged, with the July contract up 1.74% at $102.84 amid geopolitical tensions. US Treasury yields are modestly higher, with the 10-year yield at 4.601%. The US dollar is slightly up but remains lower against major currencies, with GBPUSD rising 0.51% and NZDUSD up 0.36%.
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