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.
220 Articles
220 Articles
Joplin Globe
The BladeOil prices rise as the Iran war drags on, but U.S. stocks inch to more records
Oil prices rose as the war with Iran threatens to drag on, but U.S. stocks nevertheless inched to more records. The price for a barrel of Brent crude oil climbed 2.9% to top $104 Monday after President Donald Trump said…
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.
Herald Bulletin
Oil prices rise as the Iran war drags on, but US stocks inch toward more records
Oil prices are rising as the war with Iran threatens to drag on for longer, but U.S. stocks are nevertheless inching toward more records. The price for a barrel of Brent crude oil climbed 3.5% to top $104 Monday after…
Trump searches for an exit ramp in Iran
What happenedU.S. policy on Iran whipsawed last week, with President Trump telling Tehran to accept a peace deal or face a new wave of bombing, soon after he’d hailed “great progress” in talks and halted a military operation to reopen the Strait of Hormuz. Trump had announced that, in a “humanitarian gesture,” the U.S. would guide merchant ships through the strait, a key oil export route that has been effectively shuttered by Iran since the star…
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