Oil Prices Surge After Trump Rejects Iran Peace Proposal
Brent and West Texas Intermediate each rose more than 4% as Trump’s rejection of Iran’s proposal kept supply fears elevated.
- On Monday, oil prices surged more than 4% after President Donald Trump rejected Iran's peace proposal on Sunday, calling it "TOTALLY UNACCEPTABLE!" in a social media post. The rejection prolongs closure of the Strait of Hormuz.
- Iran's proposal submitted Sunday demanded sanctions relief, an end to the U.S. blockade, and sovereignty over the Strait of Hormuz. The conflict, which began February 28, 2026, has effectively shut the waterway, disrupting one-fifth of global oil shipments.
- Brent crude jumped 4.2% to $105.58 per barrel Monday morning, while Asian markets opened mixed. Senior market analyst Priyanka Sachdeva noted the market "continues to trade like a geopolitical headline machine" reacting to warnings from Washington and Tehran.
- Israeli Prime Minister Benjamin Netanyahu warned on CBS News' "60 Minutes" Sunday that the war is "not over," citing the need to dismantle Iran's nuclear capabilities. The U.S. sea blockade of Iranian ports keeps the Strait effectively shut.
- President Trump arrives in Beijing on Wednesday to discuss Iran with Chinese leader Xi Jinping. Analysts hope Beijing can leverage its influence to push Tehran toward a ceasefire and help reopen the Strait of Hormuz.
240 Articles
240 Articles
The European stock exchanges are red again this Tuesday, with falls close to 1% in the opening. The lack of a peace agreement between the US and Iran, in a conflict that is heading for three months, is again straining investors after Donald Trump pointed out that the ceasefire with Iran was “critical” and Tehran’s demands for peace are “garbage.” Continue reading...
Trump rejected Tehran's counter-proposal to end the war, calling it "garbage"
Trump rejects Iran’s latest proposal to end the war, oil prices spike : Peoples Dispatch
Within hours after its submission on Sunday, May 10, US President Donald Trump rejected Iran’s fresh proposal for peace in the Middle East, calling it “totally unacceptable.” The news of Trump’s rejection dashed hopes for peace in the region and intensified global economic concerns as oil prices rose further after the markets opened on Monday. Trump’s rejection of the Iranian plan also shattered the chances of normalizing movement through the St…
Reforma
elnorte.comThe price of Brent oil increased by 2.88%, up to 104.21 d lares, while that of WTI rose by 2.78%, to 98.07 d lares.
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Oil Prices Surge Above $100 as Iran Conflict Drags On While Wall Street Pushes Toward Fresh Records
Global oil prices climbed sharply Monday as fears intensified that the conflict involving Iran could continue for an extended period, threatening energy supplies and fueling ... The post Oil Prices Surge Above $100 as Iran Conflict Drags On While Wall Street Pushes Toward Fresh Records first appeared on [your]NEWS.
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