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Oil rises $4 after Trump rejects Iran's response to US peace proposal

<p>Oil prices rallied on Monday, after US President Donald Trump <a href="https://www.dawn.com/news/1999294/trump-rejects-unacceptable-iranian-terms-for-ending-war">said </a>Iran’s response to a US proposal was “unacceptable,” raising supply fears as the Strait of Hormuz stayed l

First seen · 4:26 AM UTCMay 11, 2026

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Oil rises $4 after Trump rejects Iran's response to US peace proposal<p>Oil prices rallied on Monday, after US President Donald Trump <a href="https://www.dawn.com/news/1999294/trump-rejects-unacceptable-iranian-terms-for-ending-war">said </a>Iran’s response to a US proposal was “unacceptable,” raising supply fears as the Strait of Hormuz stayed l
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