Oil prices climb after Trump dismisses Iran’s response to peace plan

Brent crude rises after US president calls overture from Tehran ‘totally unacceptable’ Business live – news updates Oil prices have climbed after Donald Trump condemned Iran’s response to US proposals to end the war as “totally unacceptable”. The president’s rejection of Tehran’s overture in a post on his Truth Social platform triggered a jump in Brent crude, the international benchmark for oil prices, by as much as 4% on Monday to $105.50 a barrel, before easing back to settle at $103.50. ...

By Lauren Almeida