Oil prices jump after Trump dismisses Iran response

Oil prices surged after US President Donald Trump rejected Iran’s latest response to a ceasefire proposal, with Brent crude jumping to $105.99 per barrel amid fears of prolonged disruption around the strategically vital Strait of Hormuz.- Bloomberg

"Rising oil prices also weighed on demand for traditional gasoline-powered vehicles, the agency added, as consumers increasingly shifted toward new-energy cars to avoid higher fuel costs."

"If the Strait of Hormuz doesn’t reopen soon, countries across Europe and Asia may simply not have enough oil to keep the lights on, or cars on the road – prices could get much higher, and some countries just won’t have enough fuel at any price." inews.co.uk/news/world/t...

THIS MORNINGS OIL PRICES ON AN UPWARD AGAIN AS THE THREAT OF MORE WAR GROWS

US benchmark West Texas Intermediate crude is trading around $98 a barrel and global benchmark Brent crude is trading around $104 a barrel as of 7:30aed. WTI traded at $74.91 a barrel and Brent traded at $76.53 two days before Trump and Netanyahu launched attacks on Iran. #IranWar #InflationNation

Q: You think oil prices will be lower before the midterm elections? scot bussent: Uh I I think oil prices you we we can see in the futures market (🤣) blablabla, lie, growl, screech, made-up s#!t, babble, whine, nonsense, grunt, gurgle, more lying, wheeze, fart noise, projection, ad nauseum...

Oil prices climb after Trump dismisses Iran’s response to peace plan www.theguardian.com/business/202...

🔴【BREAKING: EMERGENCY ALERT】🔴 Oil prices jump after Trump dismisses Iran proposal to end war ⚠️ Safety warning in effect. Please exercise extreme caution. Details: https://www.bbc.com/news/articles/ckgp4e... 📲 Fastest alerts on Telegram #Breaking #Geopolitics #Alert

🟢 Economic | 7/10 🇺🇸 🇮🇷 Oil prices jump 3% after Trump rejects Iran peace proposal Reuters reports that oil prices jumped more than 3% after U.S #OSINT #Oil #Sanctions

The Dollar used to have a negative correlation with oil prices, but that was when the US was a net importer. About 5 years ago, the US transformed into a net exporter and so now higher oil prices lift the Dollar. Shale drilling has made the Dollar "oily..." robinjbrooks.substack.com/p/the-relati...

Trump said he thought oil could hit $200 a barrel and Americans may have to pay more over Iran — despite U.S. intelligence reportedly finding no imminent nuclear threat. Now oil is surging again as fears grow over Strait of Hormuz disruption. #Iran #Oil www.thenationalnews.com/business/ene...

Here we go again. #Oil up, #Hormuz still closed www.theglobeandmail.com/business/int...

No reason to stop the war now. Oil companies and oligarchs are loving their profits these days. huffpost.com/entry/oil-prices-iran-war_n_69fbbeb2e4b0cb033e4f673d?origin=home-latest-news-unit

President Trump's swift rejection of Iran's response to a U.S. peace proposal sent oil prices surging on Monday amid concerns the 10-week-old conflict will drag on, keeping shipping through the Strait of Hormuz paralyzed.

#IranWar & #Energy: Oil prices climb again as Washington and Tehran fail to agree on terms to end war and reopen Strait of Hormuz, by @aimewilliams.bsky.social, Najmeh Bozorgmehr and Martha Muir| Financial Times www.ft.com/content/f661...