Oil prices briefly climbed above $107 a barrel on Monday after President Donald Trump rejected Iran's latest peace proposal, adding to concerns that the conflict could continue to disrupt energy supplies. Brent crude reached $107.02 before settling at $105.28, while US benchmark West Texas Intermediate also rose. The price surge came amid reports that Trump expects U.S. strikes to resume after November's midterm elections. Higher energy costs are adding to inflation concerns, with U.S. average gasoline prices reaching $4.48 a gallon and stocks falling as investors weighed the economic risks of a prolonged conflict. #oil #news #trump #usa #iran