On April 6, the U.S. benchmark West Texas Intermediate climbed to $115.48 per barrel, up by 3.5 per cent, and Brent crude rose to almost $112 per barrel.
Trump rejects Iran’s proposalÂ
Trump, who has threatened to rain “hell” on Tehran if it did not make a deal by 8 p.m. EDT Tuesday to open the vital route for global energy supplies, rejected the Iranian proposal.
“They made a proposal, and it’s a significant proposal. It’s a significant step. It’s not good enough,” Trump told reporters earlier on Monday at an annual White House Easter event.
While Iranian officials have not yet made any public comment on the way the talks are going, state media has reported that Foreign Minister Abbas Araghchi has spent the last 72 hours in a flurry of phone calls with his counterparts from India, Russia, Turkey, Japan, Qatar, France, Egypt and Pakistan, some of whom are said to be acting as intermediaries in talks with the U.S.