{"id":140585,"date":"2026-05-11T08:02:52","date_gmt":"2026-05-11T08:02:52","guid":{"rendered":"https:\/\/chezaspin.com\/blog\/oil-prices-jump-after-trump-dismisses-iran-proposal-to-end-war\/"},"modified":"2026-05-11T08:02:52","modified_gmt":"2026-05-11T08:02:52","slug":"oil-prices-jump-after-trump-dismisses-iran-proposal-to-end-war","status":"publish","type":"post","link":"https:\/\/chezaspin.com\/blog\/oil-prices-jump-after-trump-dismisses-iran-proposal-to-end-war\/","title":{"rendered":"Oil prices jump after Trump dismisses Iran proposal to end war"},"content":{"rendered":"

Oil prices have risen after President Donald Trump said Iran\u2019s response to US proposals to end the war was \u201ctotally unacceptable\u201d.<\/strong><\/p>\n

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\u2019s semi-official Tasnim news agency.<\/p>\n

International oil benchmark Brent rose by 4.1% to $105.50 (\u00a377.60) a barrel in Asian trade, while US-traded crude increased by 4.4% to $99.80.<\/p>\n

The key Strait of Hormuz waterway has been effectively shut since shortly after the war started on 28 February, severely disrupting global supplies of oil and gas.<\/p>\n

Responding to Tehran\u2019s terms, Trump posted on social media: \u201cI have just read the response from Iran\u2019s so-called \u2018Representatives.\u2019 I don\u2019t like it \u2013 TOTALLY UNACCEPTABLE.\u201d<\/p>\n

Washington\u2019s terms had included restoration of free transit through the Strait of Hormuz and the suspension on Iranian nuclear enrichment, according to US news outlet Axios.<\/p>\n

Israeli Prime Minister Benjamin Netanyahu also said the war with Iran will not be over until its enriched uranium stockpiles are \u201ctaken out\u201d.<\/p>\n

A ceasefire announced in early April to allow time for peace talks has been mostly observed, despite occasional exchanges of fire.<\/p>\n

On 21 April, Trump extended the truce indefinitely to give Iran time to present a \u201cunified proposal\u201d.<\/p>\n

Energy prices have swung wildly since the start of the conflict, while Brent crude has risen back above $100 a barrel since the ceasefire came into effect on 8 April.<\/p>\n

The Strait of Hormuz, through which about a fifth of global oil and gas shipments usually passes, has been effectively shut after Tehran threatened to attack vessels that try to cross it in retaliation against US-Israeli strikes.<\/p>\n

Major energy companies have seen their profits jump as prices of oil and gas have soared on global markets.<\/p>\n

On Sunday, Aramco said its earnings had jumped by more than 25% in the first three months of the year compared to the same period in 2025.<\/p>\n

The Saudi Arabian energy giant\u2019s cross-country pipeline has \u201cproven itself to be a critical supply artery\u201d and helped it avoid disruptions to shipping caused by the Iran war, said Aramco boss Amin Nasser.<\/p>\n

The post Oil prices jump after Trump dismisses Iran proposal to end war<\/a> appeared first on KBC Digital<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Oil prices have risen after President Donald Trump said Iran\u2019s response to US proposals to end the war was \u201ctotally unacceptable\u201d. 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 […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-140585","post","type-post","status-publish","format-standard","hentry","category-uncategorized","entry"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts\/140585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/comments?post=140585"}],"version-history":[{"count":0,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts\/140585\/revisions"}],"wp:attachment":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/media?parent=140585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/categories?post=140585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/tags?post=140585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}