Writing the summary…
Brent crude tops $107 as Trump rejects Iranian proposal to reopen Hormuz Strait
Original reporting
CNBC: read the full reportRelated stories

You need £17,000 for a first home - here are 4 ways to do it
Here are four ways you can put money aside to save enough for a deposit on your first home.
CNBC Daily Open: A tale of two truces
Chinese president's state visit to Washington appears to have produced more personal diplomacy than breakthroughs.

Why the PM could finally drop the triple lock pension pledge
Andy Burnham said that he would make tough decisions to fund a new national care service.
UK police 'investigate Iran link' to alleged bomb threat against base hosting U.S. Air Force
U.K. counter-terrorism police are understood to be investigating a potential link with Iran after an alleged bomb threat against an air base hosting U.S. forces

Avanti West Coast to be renationalised in March
Rail operator which linked London to Birmingham, the north-west and Glasgow had highest number of cancellations across network Avanti West Coast will be renationalised in spring, as prime minister Andy Burnham declares “enough is enough” for passengers who have put up with a rail service “that has failed them time and time again”. The rail operator, which is one of the worst in the country for train delays and cancellations, will come under public ownership from March when its contract ends. Continue reading...
Trump-Xi summit analysis: 'Tangible outcomes' needed for U.S.-China truce to hold
U.S. President Donald Trump and Chinese President Xi Jinping met in Washington, D.C., last week and signaled plans to meet two more times this year.