Brent crude rises after US president calls overture from Tehran ‘totally unacceptable’

Heightened fears of Strait of Hormuz supply disruption push Brent up nearly 5%

The Strait of Hormuz trade route remains effectively shut, disrupting the global energy shipments.

Oil prices jumped after Trump rejected Iran’s response to a U.S.-drafted peace proposal.

President Donald Trump’s swift rejection of Iran’s response to a US peace proposal sent oil prices surging on Monday amid concerns the 10-week-old conflict

Oil prices jumped on Monday morning while European markets edged lower and Asian stocks rose to new all time highs after US President Donald Trump rejected Tehran’s response to…

Brent crude rises after US president calls overture from Tehran ‘totally unacceptable’

Global oil prices jumped after Donald Trump rejected a Iranian counter-offer to a 14-point U.S. plan to end the war as "totally unacceptable."