Oil Prices Jump as Trump Rejects Iran's Strait of Hormuz Plan

lavenir.net (French) —

Oil prices surged Monday in Asian trading after US President Donald Trump rejected an Iranian ceasefire proposal, deepening uncertainty over the Middle East and the Strait of Hormuz's status. Brent crude rose 3.06% to $107.51 per barrel, while US WTI gained 2.13% to $94.40. Trump dismissed Tehran's plan to reopen the strait, though he expects further talks this week. Middle East crude exports have slightly recovered this month, reaching 12.8 million barrels daily, the highest since the Iran war began in February, aided by nearly twenty Saudi tankers transiting the strait last week.


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