Angle - News: Markets await the future of the war after an Iranian response deemed "unacceptable" by Trump

First published: 11-May-2026 10:14:01

Shaimaa Hefzy

Markets are watching the future of the war in Iran after US President Donald Trump described Iran's response to a US proposal to end the war as "unacceptable".

Scenes from the markets

(According to market data)

Oil prices surged on Monday amid supply concerns as the Strait of Hormuz, through which roughly a fifth of the world's oil passes, remains almost completely closed. By 10:15 a.m. UAE time, Brent crude futures had risen to $105.43 a barrel, and West Texas Intermediate (WTI) crude futures to $99.87 a barrel.

Meanwhile, gold fell in spot trading to $4,652 an ounce by the same time.

By the same time, the Dubai Financial Market index had risen by about 0.3%, while the Abu Dhabi Securities Exchange index had fallen by about 0.3%.

(Prepared by: Shaimaa Hefzy, for contact: zawya.arabic@lseg.com)

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