US-Iran Negotiations Breakdown, Middle East Tensions Cause International Oil Prices to Soar
International oil prices surged significantly following the breakdown of US-Iran negotiations and Iran's renewed threats of military action in the Strait of Hormuz. Brent crude oil rose 2.69% to $104.01 per barrel, while WTI crude oil increased 2.54% to $97.84 per barrel.
📋 Article Processing Timeline
- 📰 Published: May 11, 2026 at 08:34
- 🔍 Collected: May 11, 2026 at 09:01 (26 min after Published)
- 🤖 AI Analyzed: May 11, 2026 at 10:12 (1h 10m after Collected)
Central News Agency
(Central News Agency, Tokyo, 11th, Comprehensive Foreign Report) Oil prices surged significantly today after opening, as US President Trump rejected Tehran's response to Washington's peace proposal, and Iran once again threatened to take violent action in the Strait of Hormuz.
London's North Sea Brent crude for July delivery rose 2.69% to $104.01 per barrel.
New York Mercantile Exchange West Texas Intermediate (WTI) crude for June delivery rose 2.54% to $97.84 per barrel. (Compiled by: Chen Yu-Ting) 1150511
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(Central News Agency, Tokyo, 11th, Comprehensive Foreign Report) Oil prices surged significantly today after opening, as US President Trump rejected Tehran's response to Washington's peace proposal, and Iran once again threatened to take violent action in the Strait of Hormuz.
London's North Sea Brent crude for July delivery rose 2.69% to $104.01 per barrel.
New York Mercantile Exchange West Texas Intermediate (WTI) crude for June delivery rose 2.54% to $97.84 per barrel. (Compiled by: Chen Yu-Ting) 1150511
Choose to stand with facts, your every sponsorship is the power to protect press freedom.
Download the Central News Agency 'First-hand News' APP to get the latest news instantly.
Text, images, and audio/video on this website may not be reproduced, publicly broadcast, or publicly transmitted and used without authorization.