Oil jumps over 3% after Trump rejects Iran response to peace proposal

🌐 Investing.com (CY) — 2026-05-11

Oil prices surged over 3% following former President Trump's dismissal of Iran's response to a proposed peace initiative. This reaction is expected to influence global oil markets amid ongoing geopolitical tensions.

Politics Markets Commodities Energy oil prices Trump Iran peace proposal markets energy

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Oil jumps over 3% after Trump rejects Iran response to peace proposal

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