← May 11, 2026 briefing

Trump rejects Iran ceasefire response, oil prices spike

World

Trump rejects Iran ceasefire response, oil prices spike

Trump has declared Iran's reply to a U.S. peace proposal 'absolutely unacceptable,' sending oil prices surging as the Strait of Hormuz remains effectively closed to global energy shipments. The rejection deepens the diplomatic deadlock, with Trump heading to Beijing on Wednesday to press Xi Jinping on China's continued purchase of Iranian oil during the conflict.

MarketUS x Iran permanent peace deal by...?

US x Iran permanent peace deal by June 30, 2026?39% chance

Sources

Trump says Iran’s response to peace proposal is ‘unacceptable’

Trump says Iran’s response to peace proposal is ‘unacceptable’

Financial Times · May 10

Trump rejects Iran's latest response to U.S. ceasefire proposal

Trump rejects Iran's latest response to U.S. ceasefire proposal

NPR · May 10

Donald Trump to press China’s Xi about Iran war at summit

Donald Trump to press China’s Xi about Iran war at summit

Financial Times · May 10

Oil prices jump after Trump dismisses Iran proposal to end war

Oil prices jump after Trump dismisses Iran proposal to end war

BBC · May 11

What next for Real Madrid after Barcelona’s La Liga and Clasico triumph?

What next for Real Madrid after Barcelona’s La Liga and Clasico triumph?

Al Jazeera · May 11

More from today's briefing

Hantavirus cruise ship passengers repatriated under monitoring

Hantavirus cruise ship passengers repatriated under monitoring

Starmer fights for survival ahead of Monday speech

Starmer fights for survival ahead of Monday speech

Maryland ratepayers handed $2B bill for AI data center power

Maryland ratepayers handed $2B bill for AI data center power

Film star Vijay sworn in as Tamil Nadu chief minister

Film star Vijay sworn in as Tamil Nadu chief minister