Oil prices jump 3% as Trump rejects Iran's truce offer

fr.euronews.com (French) —

Oil prices surged over 3% Monday, with Brent crude topping $107 a barrel, after President Donald Trump rejected Iran's truce offer, reigniting supply concerns and inflation fears that had eased late last week. Trump dismissed Tehran's seven-day ceasefire proposal, which would have reopened the Strait of Hormuz, saying "I reject their proposal" but adding he expects negotiations to resume. Iran demands frozen assets, sanctions relief, and an end to the naval blockade. Equities and bonds fell as inflation worries returned, with European indexes down and US futures lower. The 10-year Treasury yield neared 5.21%, while gold dropped over 2% to $4,220 an ounce.


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