Oil prices jump after Trump dismisses Iran proposal to end war
The Strait of Hormuz waterway remains effectively shut, severely disrupting global energy shipments.
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Notable Quotes
"I have just read the response from Iran's so-called 'Representatives.' I don't like it - TOTALLY UNACCEPTABLE."
— Donald Trump , Politician
"If the Strait of Hormuz opens today, it will still take months for the market to rebalance, and if its opening is delayed by a few more weeks, then normalisation will last into 2027."
— Amin Nasser , Executive
Key People
All Coverage
The Strait of Hormuz waterway remains effectively shut, severely disrupting global energy shipments.
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