Oil jumps as US and Iran fail to reach agreement on peace proposal

🌐 KELO-AM — 2026-05-10

Oil prices surged by $3 per barrel after the United States and Iran failed to reach an agreement on a peace proposal. This development is expected to impact global oil markets significantly.

SINGAPORE, May 11 (Reuters) – Oil prices jumped $3 a barrel ‌on Monday as the United States and ‌Iran failed ⁠to agree ⁠to a peace ...

Politics Markets Energy Shipping oil prices Iran US peace proposal market impact

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Oil jumps as US and Iran fail to reach agreement on peace proposal

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