Explore

Rapid Read Rapid Read
President Trump Rejects Iran's Peace Proposal, Impacting Oil Markets and Strait of Hormuz

President Trump Rejects Iran's Peace Proposal, Impacting Oil Markets and Strait of Hormuz

President Trump has rejected Iran's response to a U.S. peace proposal, labeling it as 'TOTALLY UNACCEPTABLE' on social media. The U.S. had proposed an end to fighting before addressing more contentious issues, such as Iran's nuclear program. Iran's response included demands for compensation for war damages, sovereignty over the Strait of Hormuz, and the lifting of U.S. sanctions. The rejection has led to a surge in oil prices, with the Strait of Hormuz remaining a critical point of tension. The ongoing conflict has affected global oil supply, as the strait is a major route for oil transportation.
Reuters Reuters
Oil jumps as US and Iran disagree on peace proposal

Oil jumps as US and Iran disagree on peace proposal

By Florence Tan SINGAPORE, May 11 (Reuters) - Oil prices jumped $3 a barrel on Monday as the United States and Iran failed to agree to a peace proposal drafted by Washington while the Strait of Hormuz remained largely closed, keeping global energy supplies tight.
Rapid Read Rapid Read
President Trump Dismisses Iran's Ceasefire Proposal Amid Ongoing Regional Tensions

President Trump Dismisses Iran's Ceasefire Proposal Amid Ongoing Regional Tensions

President Trump has rejected Iran's latest response to a U.S. ceasefire proposal aimed at ending the ongoing conflict. Iran's response included demands for lifting U.S. sanctions, ending the blockade on Iranian ports, and unfreezing assets. The U.S. initiated the conflict to address Iran's nuclear program and regional influence. Iran's closure of the Strait of Hormuz has led to global economic repercussions, including higher fuel prices. The rejection of the proposal underscores the challenges in reaching a diplomatic resolution and highlights the strategic importance of the Strait of Hormuz.
Rapid Read Rapid Read
Trump: Iran's Peace Proposal Response 'Unacceptable'

Trump: Iran's Peace Proposal Response 'Unacceptable'

President Donald Trump has labeled Iran's response to a U.S. peace proposal as 'totally unacceptable.' This development follows Iran's communication of its response through Pakistani mediators, amid recent hostilities around the Strait of Hormuz. The U.S. proposal, which includes demands for Iran to halt its nuclear program and cease uranium enrichment, was met with a response from Iran that emphasized ending regional hostilities and lifting U.S. sanctions. The situation remains tense as both nations have engaged in military actions in the region, testing the fragility of a ceasefire established over a month ago.
Reuters Reuters
Share futures ease, dollar gains as Gulf talks teeter

Share futures ease, dollar gains as Gulf talks teeter

By Wayne Cole SYDNEY, May 11 (Reuters) - Share futures slipped and the dollar climbed in Asia on Monday on signs that talks between the United States and Iran were deadlocked, leaving the vital Strait of Hormuz all but shut and sending oil prices higher.
Rapid Read Rapid Read
China's Oil Stockpiling and U.S. Sanctions to Influence Trump-Xi Summit

China's Oil Stockpiling and U.S. Sanctions to Influence Trump-Xi Summit

China has been quietly amassing the world's largest stockpile of crude oil, a strategic move that is reshaping its relations with the United States. This development comes as Chinese Premier Xi Jinping prepares to host President Trump for a state visit on May 14 and 15. The situation is further complicated by China's Commerce Ministry's decision to ban Chinese companies from complying with U.S. sanctions on small refineries that purchase Iranian crude. These 'teapot refineries' have been encouraged to import Iranian oil, which could lead to further U.S. sanctions. The U.S. Energy Information Administration reports that China added an average of 1.1 million barrels per day to its strategic reserves in 2025, with continued growth in 2026. This stockpiling has helped stabilize oil prices amid Middle East tensions, providing a buffer for Asian importers affected by the halt in energy deliveries.
Reuters Reuters
Analysis-Trump's feuds, tensions with allies likely to outlast Iran war

Analysis-Trump's feuds, tensions with allies likely to outlast Iran war

By Matt Spetalnick and Andrea Shalal WASHINGTON, May 9 (Reuters) - With his decision to pull some U.S. troops from Germany, his threats to draw down forces elsewhere in Europe and his downplaying of Iran’s recent attacks on an important Gulf partner, President Donald Trump's latest moves foreshadow
Reuters Reuters
US revises UN resolution on Iran but China, Russia still expected to veto

US revises UN resolution on Iran but China, Russia still expected to veto

May 8 (Reuters) - Washington has revised its proposed U.N. resolution demanding Iran halt attacks and mining in the Strait of Hormuz but the changes are unlikely to avert Chinese and Russian vetoes, diplomats said on Friday. A Chinese veto would be awkward ahead of U.S.
Reuters Reuters
Morning Bid: Chip push, crude pull

Morning Bid: Chip push, crude pull

By Mike Dolan May 8 (Reuters) - Everything Mike Dolan and the ROI team are excited to read, watch and listen to over the weekend. From the Editor Hello Morning Bid readers!
Reuters Reuters
US imposes sanctions on companies it accuses of aiding Iran's weapons sector

US imposes sanctions on companies it accuses of aiding Iran's weapons sector

By Andrea Shalal WASHINGTON, May 8 (Reuters) - The U.S.
AP News AP News
Rubio set to meet Italy's Meloni as both sides seek to ease frictions over Iran war

Rubio set to meet Italy's Meloni as both sides seek to ease frictions over Iran war

U.S. Secretary of State Marco Rubio is set to meet Italian Premier Giorgia Meloni to ease tensions over the war with Iran
Reuters Reuters
US, Iran no closer to ending war as Gulf clashes flare

US, Iran no closer to ending war as Gulf clashes flare

By Idrees Ali, Erin Banco and Hatem Maher WASHINGTON/CAIRO, May 9 (Reuters) - The U.S. and Iran appeared no closer on Saturday to finding an end to their war after the two sides traded fire in the Gulf amid a tenuous ceasefire, while a U.S. intelligence analysis concluded Tehran could withstand a