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Oil jumps 4% after Trump rejects Iran’s response to ceasefire proposal

Euronews · May 11, 2026, 5:59 AM · Also reported by 4 other sources

Why this matters: an international story with cross-border implications worth tracking.

Crude prices jumped on Monday morning after US President Donald Trump rejected Tehran’s response to the latest proposal on ending the war in Iran.

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Also covered by

NPR News Trump rejects Iran's latest response to U.S. ceasefire proposal ARY News Oil rises $4 after Trump rejects Iran’s response to US peace proposal Dawn News Oil rises $4 after Trump rejects Iran's response to US peace proposal The Hindu Iran responds to U.S. ceasefire proposal but Trump rejects it as ‘unacceptable’

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