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Iran Proposes Lifting Oil Sanctions; Trump Rejects as "Completely Unacceptable" on May 11

2026-05-11 05:21:55

Iran proposed the U.S. lift sanctions on its oil sales within 30 days on May 11, but President Trump rejected the proposal, calling it "completely unacceptable." The rejection heightens supply disruption risks amid ongoing regional tensions. Barclays and Citi maintain forecasts for Brent crude at $100 and $120 per barrel respectively, while Fitch predicts prices will hold between $100–$110 per barrel through July if the Strait of Hormuz remains blocked.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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South Korea’s KOSPI opened up 3.67%, hitting a new high, with SK hynix surging 9.61% to lead the gains as Asian stocks diverged

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Netanyahu: The war with Iran “is not over,” Trump rejects Iran’s latest proposal, oil prices rebound

ChainNewsAbmedia05-11 01:44

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