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

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.

First seen · 5:59 AM UTCMay 11, 2026

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Oil jumps 4% as Trump rejects Iran’s response to ceasefire proposalCrude prices jumped on Monday morning after US President Donald Trump rejected Tehran’s response to the latest proposal on ending the war in Iran.
5:59 AM UTC

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