Trump rejects Iran's proposal, causing oil prices to surge and Japanese stocks to close lower
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Former US President Donald Trump's rejection of Iran's offer to reopen the Strait of Hormuz and postponement of nuclear talks led to a further surge in oil prices, causing Japan's stock market to fall. The Nikkei 225 index closed down 1.06% at 59284.92 points, and the TOPIX also dropped 1.19% to 3727.21 points.