Oil prices jump after Trump dismisses Iran proposal to end war
International oil benchmark Brent rose by 4.1% to $105.50 a barrel, while US-traded crude increased by 4.4% to $99.80. Kenya breaking news | Kenya news today |..
✨ Key Highlights
Oil prices surged in Asian trading after President Donald Trump rejected Iran's proposal to end the ongoing war, deeming it "TOTALLY UNACCEPTABLE."
- International benchmark Brent crude rose 4.1% to $105.50 a barrel.
- Key figures include President Donald Trump and Iran's semi-official Tasnim news agency.
- The Strait of Hormuz, a critical global oil and gas transit point, has been effectively shut since the war began on February 28.
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Trump dismisses Iran proposal as oil prices surge - May 2026
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