General · 11 May 2026

Oil prices up as Trump rejects Iran deal

Oil and gas prices are climbing for consumers. President Donald Trump dismissed Iran's proposal to end the conflict as "totally unacceptable" on social media on Monday. Supply issues are severe as the key Strait of Hormuz remains shut since 28 February, with Brent crude up 3.8% to $105.20 a barrel.

By BriefTea Editorial · 11 May 2026 at 4:16

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