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Originally published by Capital Business
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business
May 11, 2026
2h ago

Oil prices jump after Trump dismisses Iran proposal to end war

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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