Oil prices jump 2% after Trump rejects Iran's peace proposal

today.line.me (Thai) —

Global oil prices rose about 2% in US morning trading on Monday after President Donald Trump rejected Iran's peace proposal to end the conflict and reopen the Strait of Hormuz. Brent crude futures climbed $2.28, or 2.2%, to $106.60 per barrel, while West Texas Intermediate rose $1.70, or 1.8%, to $94.11. Brent was on track for its highest close since September 15. Iran insisted diplomacy is the only path to resolve tensions, while Trump told Axios that US negotiators may hold further talks this week. Qatari mediators plan separate discussions with both sides in New York.


With a significance score of 3.2, this news ranks in the top 11% of today's 33267 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 10,000+ subscribers: