{"id":11516,"date":"2026-05-11T09:13:00","date_gmt":"2026-05-11T05:13:00","guid":{"rendered":"https:\/\/omanet.om\/en\/news\/economy\/oil-soars-trump-iran-reject\/"},"modified":"2026-05-11T14:37:31","modified_gmt":"2026-05-11T10:37:31","slug":"oil-soars-trump-iran-reject","status":"publish","type":"post","link":"https:\/\/omanet.om\/en\/news\/economy\/oil-soars-trump-iran-reject\/","title":{"rendered":"Oil Prices Surge as Trump Rejects Iran&#8217;s Terms: What Investors and Businesses Need to Know"},"content":{"rendered":"<style>\r\n@keyframes hitv3sog-fadein{from{opacity:0;transform:translateY(14px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitv3sog-slideup{from{opacity:0;transform:translateY(20px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitv3sog-pulse{0%,100%{box-shadow:0 0 14px #dc262688}50%{box-shadow:0 0 32px #dc2626,0 0 60px #dc262655}}\r\n@keyframes hitv3sog-shimmer{0%,100%{opacity:0.3;transform:scaleX(0.4)}50%{opacity:1;transform:scaleX(1)}}\r\n@keyframes hitv3sog-glow{0%,100%{opacity:0.6}50%{opacity:1}}\r\n@keyframes hitv3sog-badge{from{opacity:0;transform:scale(0.8)}to{opacity:1;transform:scale(1)}}\r\n<\/style><style>\r\n.hitv3sogw{container-type:inline-size;width:100%;max-width:970px;margin:0 auto;box-sizing:border-box}\r\n.hitv3soga{display:flex;flex-direction:row;align-items:center;justify-content:space-between;width:100%;box-sizing:border-box;text-decoration:none;color:#fff;font-family:-apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,system-ui,sans-serif;position:relative;overflow:hidden;cursor:pointer;background:linear-gradient(135deg,#111118 0%,#080808 100%);border:1.5px solid rgba(255,255,255,0.08);border-radius:14px;gap:20px;padding:20px 40px;transition:border-color .2s}\r\n.hitv3soga:hover{border-color:#dc262688}\r\n.hitv3sogg1{position:absolute;inset:0;background:radial-gradient(ellipse at 50% 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solid rgba(255,255,255,0.18);backdrop-filter:blur(8px);-webkit-backdrop-filter:blur(8px);border-radius:20px;padding:3px 10px 3px 7px;margin-bottom:clamp(5px,0.6vw,9px);animation:hitv3sog-badge 0.5s ease both;\"><span style=\"display:inline-block;width:6px;height:6px;border-radius:50%;background:#dc2626;flex-shrink:0;\"><\/span><span style=\"font-size:clamp(8px,0.9vw,10px);font-weight:700;letter-spacing:0.07em;color:rgba(255,255,255,0.88);text-transform:uppercase;white-space:nowrap;\">EXCLUSIVE OMAN OFFER<\/span><\/div>\r\n    <div class=\"hitv3sogh\" style=\"animation:hitv3sog-slideup 0.7s ease both;animation-delay:0.15s;\">Websites For <span style=\"color:#dc2626;\">Omani Businesses.<\/span><\/div>\r\n    <div class=\"hitv3sogs\" style=\"animation:hitv3sog-slideup 0.7s ease both;animation-delay:0.3s;\">Empower your brand with custom digital solutions designed for high conversion and market dominance.<\/div>\r\n    <div class=\"hitv3sogbl\"><div class=\"hitv3sogbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Responsive designs built for growth<\/span><\/div><div class=\"hitv3sogbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Fast loading with smart automation<\/span><\/div><\/div>\r\n  <\/div>\r\n  \r\n  <div class=\"hitv3sogct\">\r\n    <button class=\"hitv3sogbtn\" style=\"animation:hitv3sog-pulse 2.5s ease-in-out infinite;animation-delay:1s;\">Build Your Free Website <span style=\"opacity:.9;\">\u2192<\/span><\/button>\r\n    <div class=\"hitv3sogbr\">hit.land<\/div>\r\n  <\/div>\r\n<\/a>\r\n<\/div>\n<p>Oil prices rose Monday following US President Donald Trump&#8217;s rejection of Iran&#8217;s conditions for ending the ongoing conflict in the Middle East, while global stock markets showed mixed performance.<\/p>\n<p>Trump\u2019s dismissal of Iran\u2019s response to his latest peace proposal has increased concerns over potential escalation of violence and further disruptions to oil shipments through the strategically vital Strait of Hormuz.<\/p>\n<p>President Trump stated, \u201cI have just read the response from Iran&#8217;s so-called &#8216;Representatives.&#8217; I don&#8217;t like it \u2014 TOTALLY UNACCEPTABLE!\u201d The president is scheduled to visit China this week, where the conflict is expected to be a key topic of discussion.<\/p>\n<p>Iran\u2019s Foreign Ministry spokesman, Esmaeil Baqaei, responded by emphasizing that Iran\u2019s demands are legitimate rights, not concessions. He outlined Iran\u2019s position calling for an end to the conflict, the lifting of the US naval blockade, and the release of Iranian assets frozen in foreign banks for years.<\/p>\n<p>Lloyd Chan, analyst at Japanese bank MUFG, noted, \u201cPresident Trump\u2019s swift rejection of these counter-demands underscores the wide gulf between both sides, pointing to a risk of prolonged uncertainty rather than rapid de-escalation.\u201d He added that for the oil market, this implies a continued geopolitical risk premium as disruptions in the Hormuz region persist.<\/p>\n<p>Oil prices retreated from earlier gains, while Asian stock markets were varied: Tokyo closed down 0.5%, Hong Kong remained nearly flat, and Seoul surged 4.3%, driven by strong tech sector performance.<\/p>\n<p>In Tokyo, Nintendo shares tumbled nearly 10% after the gaming giant issued a profit warning for the year and announced a price increase for its upcoming Switch 2 console.<\/p>\n<p>European markets opened lower in Frankfurt and Paris, whereas London saw modest early gains.<\/p>\n<p>US Treasury Secretary Scott Bessent is visiting Japan and South Korea ahead of President Trump\u2019s high-stakes summit with Chinese President Xi Jinping in China.<\/p>\n<p>China\u2019s Foreign Ministry expressed a willingness to cooperate with the United States \u201cin the spirit of equality, respect, and mutual benefit,\u201d aiming to expand cooperation, manage differences, and bring greater stability to an interconnected and volatile world.<\/p>\n<p><style>\r\n@keyframes hitl8gak-fadein{from{opacity:0;transform:translateY(14px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitl8gak-slideup{from{opacity:0;transform:translateY(20px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitl8gak-pulse{0%,100%{box-shadow:0 0 14px #dc262688}50%{box-shadow:0 0 32px #dc2626,0 0 60px #dc262655}}\r\n@keyframes 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solid rgba(255,255,255,0.18);backdrop-filter:blur(8px);-webkit-backdrop-filter:blur(8px);border-radius:20px;padding:3px 10px 3px 7px;margin-bottom:clamp(5px,0.6vw,9px);animation:hitl8gak-badge 0.5s ease both;\"><span style=\"display:inline-block;width:6px;height:6px;border-radius:50%;background:#dc2626;flex-shrink:0;\"><\/span><span style=\"font-size:clamp(8px,0.9vw,10px);font-weight:700;letter-spacing:0.07em;color:rgba(255,255,255,0.88);text-transform:uppercase;white-space:nowrap;\">EXCLUSIVE OFFER<\/span><\/div>\r\n    <div class=\"hitl8gakh\" style=\"animation:hitl8gak-slideup 0.7s ease both;animation-delay:0.15s;\">Your Website <span style=\"color:#dc2626;\">Should Sell.<\/span><\/div>\r\n    <div class=\"hitl8gaks\" style=\"animation:hitl8gak-slideup 0.7s ease both;animation-delay:0.3s;\">Custom-built websites with smart automation & AI-powered features.<\/div>\r\n    <div class=\"hitl8gakbl\"><div class=\"hitl8gakbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>SEO-optimized & lightning fast<\/span><\/div><div class=\"hitl8gakbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Smart features built for your business<\/span><\/div><\/div>\r\n  <\/div>\r\n  \r\n  <div class=\"hitl8gakct\">\r\n    <button class=\"hitl8gakbtn\" style=\"animation:hitl8gak-pulse 2.5s ease-in-out infinite;animation-delay:1s;\">Get Free Consultation <span style=\"opacity:.9;\">\u2192<\/span><\/button>\r\n    <div class=\"hitl8gakbr\">hit.land<\/div>\r\n  <\/div>\r\n<\/a>\r\n<\/div><br \/>\n<\/p>\n<p>Special Analysis by Omanet | Navigate Oman&#8217;s Market<\/p>\n<p>The escalation of tensions between the US and Iran, particularly around Strait of Hormuz, <strong>signals a sustained risk of oil supply disruptions<\/strong>, which will likely keep prices elevated. For Omani businesses, this geopolitical instability presents both a challenge and an opportunity: <strong>higher oil revenues can boost the economy but volatility demands cautious strategic planning<\/strong>. Smart investors and entrepreneurs should <strong>focus on diversification and risk management<\/strong>, while leveraging potential gains from the energy sector&#8217;s extended premium.<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose after US President Trump rejected Iran&#8217;s terms for ending the Middle East war, raising risk of supply disruptions via the Strait of Hormuz. Iran demands an end to war, US blockade, and release of frozen assets. Market uncertainty persists amid geopolitical tensions.<\/p>\n","protected":false},"author":18,"featured_media":11517,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[482],"tags":[3625,4625,328],"class_list":["post-11516","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-geopolitical-risk","tag-iran-us-relations","tag-oil-prices"],"jetpack_featured_media_url":"https:\/\/omanet.om\/wp-content\/uploads\/2026\/05\/3381315.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/11516","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/comments?post=11516"}],"version-history":[{"count":1,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/11516\/revisions"}],"predecessor-version":[{"id":11518,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/11516\/revisions\/11518"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media\/11517"}],"wp:attachment":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media?parent=11516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/categories?post=11516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/tags?post=11516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}