Brent crude climbs above $105 after Trump rejects Iran response

Middle East Eye · May 11, 2026 Sanctions

Brent crude climbs above $105 after Trump rejects Iran response Oil prices continued to rise after US President Donald Trump described Iran’s response to Washington’s proposal as “unacceptable”, fuelling concerns that the conflict could intensify further and continue disrupting energy supplies through the Strait of Hormuz. Brent crude futures rose $4. 16, or 4.