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Crude oil rises after Trump calls Iran’s peace proposal ‘totally unacceptable’ (USO:NYSEARCA)

Author: admin_zeelivenews

Published: 11-05-2026, 12:48 AM
Crude oil rises after Trump calls Iran’s peace proposal ‘totally unacceptable’ (USO:NYSEARCA)
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May 10, 2026, 8:48 PM ETUnited States Oil Fund LP ETF (USO), CL1:COM, CO1:COM, UCOXLE, DBO, USL, SCO, BNO, GUSH, DRIP, USOIBy: Carl Surran, SA News Editor

SlavkoSereda/iStock via Getty Images

Crude oil futures gained Sunday after President Trump rejected Iran’s latest response to his proposal to end the Middle East as “totally unacceptable,” while the Strait of Hormuz remains mostly ​closed.

Iran’s proposal reportedly ​emphasizes Iranian sovereignty over the strait while calling

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