strikeMay 11, 2026

US, Iran remain at odds as peace push collapses, oil prices jump

Summary

President Donald Trump’s swift rejection of Iran’s response to a U.S. peace proposal sent oil prices sharply higher Monday, as markets grew increasingly concerned that the 10-week-old conflict could drag on and keep shipping through the Strait of Hormuz disrupted.

Source: Reuters — Read the full report

Actors involved

USIsraelIranProxyChina

Sources

ReutersBy Reuters
President Donald Trump’s swift rejection of Iran’s response to a U.S. peace proposal sent oil prices sharply higher Monday, as markets grew increasingly concerned that the 10-week-old conflict could drag on and keep shipping through the Strait of Hormuz disrupted. Just days after…

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