Brief by Shorts91 Newsdesk / 12:28pm on 11 May 2026,Monday International
Global oil prices jumped sharply after US President Donald Trump rejected Iran’s proposal to end the ongoing conflict in West Asia, calling Tehran’s response “totally unacceptable”. Brent crude rose more than 4 per cent to cross $105 a barrel before easing slightly in Asian trade. Iran had reportedly demanded an immediate end to the conflict and guarantees against future US-Israeli attacks. The Strait of Hormuz, a key global oil shipping route, remains effectively shut, disrupting energy supplies worldwide. Analysts warned that prolonged tensions in the region could push fuel prices even higher and increase pressure on global markets. (PC: BBC)
