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Oil prices jump after Trump dismisses Iran proposal to end war

Oil prices jump after Trump dismisses Iran proposal to end warOil prices jump after Trump dismisses Iran proposal to end war2 hours agoShareSaveAdd as preferred on GoogleOsmond ChiaBusiness reporterEPA/ShutterstockOil prices rose in Monday morning trade in Asia after President Do

BRIC Team
BRIC Team
May 11, 2026 · 1 min read
Originally reported by BBC World
Oil prices jump after Trump dismisses Iran proposal to end war

Oil prices jump after Trump dismisses Iran proposal to end war

Oil prices jump after Trump dismisses Iran proposal to end war2 hours agoShareSaveAdd as preferred on GoogleOsmond ChiaBusiness reporterEPA/ShutterstockOil prices rose in Monday morning trade in Asia after President Donald Trump said Iran's response to US proposals to end the war was "totally unacceptable".Tehran sent its response via Pakistan, which has served as a mediator between the two sides, calling for an immediate end to the conflict and guarantees of no further US-Israeli attacks on Iran, according to Iran's semi-official Tasnim news agency.International oil benchmark Brent rose by 3.8% to $105.20 (£77.36) a barrel, while US-traded crude increased by 4% to $99.30.The key Strait of Hormuz waterway has been effectively shut since shortly after the war started on 28 February, severel

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