Oil Surges After Trump Rejects Iran Peace Proposal Bid Again
By:UA Finance
May 11, 2026
On May 11, 2026, a sharp oil rebound after U.S.-Iran tensions deepened, pushing traders back toward crude as Strait of Hormuz disruptions tightened supply expectations.
Oil Rally Roars Back as Supply Fears Return
Oil prices surged Monday after Donald Trump called Iran’s response to a U.S. peace proposal “unacceptable,” reviving fears over restricted crude flows through the Strait of Hormuz. Brent crude jumped 3.99% to $105.33 a barrel, while U.S. West Texas Intermediate climbed 4.64% to $99.85.
“Every Headline Moves the Barrel”
The market swing followed last week’s 6% decline, when hopes for a ceasefire briefly cooled prices. Analysts now expect renewed volatility as Donald Trump prepares for talks with Xi Jinping in Beijing. Meanwhile, Saudi Aramco said nearly 1 billion barrels were lost globally during the past two months.
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