Watch Oil Prices Jumps as Trump Rebuffs Iran’s Offer, Strait of Hormuz Remains Closed - Bloomberg

May 11th, 2026

Oil Jumps as Trump Rebuffs Iran’s Offer

Oil surged after US President Donald Trump rejected Iran’s latest response to his proposal to end the war in the Middle East, prolonging the effective closure of the crucial Strait of Hormuz. Bloomberg's Anthony di Paola has more.

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