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

GateNews
Commodities

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.

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