Oil prices rise $4 after Trump rejects Iran’s response to US proposal
Crypto Briefing
Global oil prices surged by over $4 per barrel after President Trump rejected Iran's latest proposal regarding a US peace deal.Summary
Oil prices experienced a sharp rebound, with Brent and WTI crude rising over $4 per barrel, after President Trump dismissed Iran’s response to a US-backed peace proposal as "totally unacceptable." This development effectively reversed the previous week’s 6% decline, which had been fueled by optimism regarding a potential ceasefire and the reopening of the Strait of Hormuz. The market’s reaction underscores deep anxiety regarding the critical oil chokepoint, as the failure of these negotiations suggests continued supply disruptions and potential inflationary pressure on global energy markets.
(Source：Crypto Briefing)