Trump Rejection of Iran Offer Lifts Oil as Stocks Drift Toward Records
Trump called Iran's counterproposal unacceptable and said the ceasefire was on life support as Brent climbed into the low-$100s and his China trip may influence Iran diplomacy.
CNBCOil prices extend gains as Trump comments diminish hopes for a U.S.-Iran peace deal
Epoch TimesHow Major US Stock Indexes Fared May 11
ABC NewsOil prices rise as the Iran war drags on, but US stocks inch toward more records
Washington TimesOil prices rise as the Iran war drags on, but U.S. stocks inch toward more records
Overview
President Donald Trump said the U.S.-Iran ceasefire was "on massive life support" after rejecting Iran's counterproposal, and Brent crude rose roughly $103.50 to $105.50 a barrel while U.S. WTI reached $98.40.
The war, which began on Feb. 28, has pushed Brent up from roughly $70 and effectively shut the Strait of Hormuz, disrupting oil shipments and adding to global inflationary pressure.
Trump is scheduled to meet China's Xi Jinping this week and may press China to pressure Iran, a possibility cited by Dragonfly's Chief Intelligence Officer Henry Wilkinson and noted in analysis from Citi.
On May 11 the S&P 500 rose about 0.2% to 7,412.84, the Dow rose 95.31 points to 49,704.47, and the Nasdaq rose 27.05 points to 26,274.13.
Trump's Beijing visit this week, expected to include talks on trade and the Middle East, could determine whether China pressures Iran, and analysts warn oil prices could climb further if negotiations remain thorny.
Analysis
Center-leaning sources present this account neutrally: they prioritize market data and direct quotes from President Trump and analysts, with evaluative words appearing as attributed remarks rather than reporter language. Editorial choices emphasize price movements and external analysts, with limited omission of Iranian perspectives but no clear loaded framing across the coverage.