International Oil Prices Surge, US Rejects Iran's Written Proposal to End War

BlockBeats News, May 15th - According to Iran's Tehran Times on the 15th, the United States has rejected Iran's "14-point" written proposal to end the war. The report stated that the U.S. government has responded to the written proposal, rejecting Tehran's plan and "reaffirming its hardline position," especially on the nuclear issue.

Iran's proposal was based on a two-stage negotiation process: the first stage aimed to end all front-line wars. If Iran's conditions were met, the second stage of negotiations on the nuclear issue would be initiated.

At the time of writing, WTI crude oil was trading at $103.55, up 1.48% intraday; Brent crude oil was trading at $104.05, up 1.05% intraday.