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News Headline : > PM invites Chinese investors to co-author next great Asian economic miracle in Bangladesh   > At least 32 dead, over 700 injured in Venezuela quakes: interim president   > BSF thwarts attempt to push 9 people into Bangladesh   > PM joins WEF’s annual meeting in Dalian   > Trump says Iran deal will benefit US farmers, but Tehran rejects claim   > Yen hovers near 40-year low against dollar   > Stocks fluctuate after Wall St sell-off, crude holds losses on peace talks   > Maduro ouster put Venezuela on `the right path`: interim leader   > 18 dead in France as Europe bakes   > Haaland`s second WC double lifts Norway past Senegal  

   Business
Oil prices climb as US-Iran talks break down
  11, May, 2026, 2:14:2:PM
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(BSS/AFP) - Oil prices opened sharply higher on Monday shortly after US President Donald Trump said he rejected Tehran`s response to Washington`s peace proposal, and Iran renewed threats of violence in the Strait of Hormuz.

The international benchmark for oil, Brent crude that is being prepared for July delivery, was up 2.69 percent to $104.01 a barrel.

Its US counterpart, West Texas Intermediate, rose 2.54 percent to $97.84 a barrel.
  
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