{"id":4097,"date":"2026-05-11T13:15:31","date_gmt":"2026-05-11T13:15:31","guid":{"rendered":"https:\/\/siliconvalleymovingpost.com\/?p=4097"},"modified":"2026-05-11T13:15:31","modified_gmt":"2026-05-11T13:15:31","slug":"wall-street-mixed-oil-prices-jump-as-trump-calls-irans-response-to-peace-deal-unacceptable","status":"publish","type":"post","link":"https:\/\/siliconvalleymovingpost.com\/?p=4097","title":{"rendered":"Wall Street mixed, oil prices jump as Trump calls Iran\u2019s response to peace deal \u2018unacceptable\u2019"},"content":{"rendered":"
\n

By CHAN HO-HIM and MATT OTT, AP Business Writers<\/strong><\/p>\n

U.S. markets hovered near all-time highs Monday and oil rose more than 2% after President Donald Trump appeared to dismiss Iran\u2019s response to a U.S. peace plan.<\/p>\n

Read more Democrats vow to fight $1 billion Senate security proposal for White House ballroom<\/a><\/p>\n

Futures for the S&P 500 were essentially unchanged, while futures for the Dow Jones Industrial Average ticked down 0.1%. Nasdaq futures rose 0.1%.<\/p>\n

With corporate earnings season winding down this week, rising energy prices and new U.S. inflation data will dominate the stage, along with a high-stakes summit between Trump and Chinese President Xi Jinping.<\/p>\n

Oil prices jumped early Monday after Trump wrote in a social media post that Iran\u2019s response on Sunday to the U.S.\u2019s latest proposal was \u201cTOTALLY UNACCEPTABLE!\u201d<\/p>\n

Brent crude, the international standard, gained $2.71 to $104 per barrel. It was roughly $70 per barrel before the war began in late February. Benchmark U.S. crude was $2.55 higher at $98 a barrel.<\/p>\n

With the Strait of Hormuz, a crucial waterway for global oil and gas transport, still largely closed and as the U.S. is continuing its sea blockade of Iranian ports, analysts believe oil prices are likely to remain higher for longer.<\/p>\n

The Iran war will certainly be an important piece of the agenda during the Trump-Xi summit. China has close economic links with Iran and the U.S. has been pressing Beijing to leverage its influence to help reopen the Strait of Hormuz.<\/p>\n

\n<\/div>\n

\u201cThere remains a glimmer of hope that talks between Trump and Xi later this week could yield positive results on Iran,\u201d ING commodities analysts Warren Patterson and Ewa Manthey wrote Monday.<\/p>\n

\u201cThe hope is that China can use its influence over Iran to push it closer towards a peace deal,\u201d they said. \u201cClearly, this is easier said than done.\u201d The oil market is still very much \u201cheavily headline-driven,\u201d the pair added.<\/p>\n

Read more Voter confusion and headaches for election officials follow hasty GOP push to redraw US House seats<\/a><\/p>\n

In the U.S. on Monday, April numbers for U.S. existing home sales will be released. Later this week, the U.S. will release data on consumer and wholesale inflation as well as the latest retail sales figures.<\/p>\n

At midday in Europe, Britain\u2019s FTSE 100 was unchanged, while Germany\u2019s DAX fell 0.2% and France\u2019s CAC 40 lost 1.1%.<\/p>\n

\n<\/div>\n

In Asia, Tokyo\u2019s Nikkei 225 fell 0.5% to 62,417.88 after briefly reaching another record high in intraday trading at above 63,300. Technology-focused investment holding company SoftBank Group, one of Japan\u2019s largest stocks, fell more than 6%.<\/p>\n

South Korea\u2019s Kospi gained 4.3% to 7,822.24. It also hit an all-time intraday high, led by gains from tech-related stocks including Samsung Electronics and memory chip maker SK Hynix.<\/p>\n

Technology-related stocks and growing artificial intelligence-related interest have supported markets in Japan and South Korea despite the Iran war, with the Nikkei 225 and Kospi rising more than 10% and 30%, respectively, over the past month.<\/p>\n

Hong Kong\u2019s Hang Seng edged up less than 0.1% to 26,406.84. The Shanghai Composite index climbed 1.1% to 4,225.02, following official data Monday that showed China\u2019s factory gate prices rose 2.8% in April from a year ago, the highest since 2022, as well as better-than-expected export figures released over the weekend.<\/p>\n

Australia\u2019s S&P\/ASX 200 lost 0.5%. Taiwan\u2019s Taiex traded 0.5% higher, and India\u2019s Sensex fell 1.7%.<\/p>\n

Read more 2 passengers test positive for hantavirus as a third shows symptoms after cruise ship evacuation<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Markets hovered near recent records while oil rose following President Donald Trump\u2019s rejection of Tehran\u2019s response to a US deal.<\/p>\n","protected":false},"author":1,"featured_media":4096,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,2],"tags":[],"class_list":["post-4097","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-facts","category-news"],"yoast_head":"\nWall Street mixed, oil prices jump as Trump calls Iran\u2019s response to peace deal \u2018unacceptable\u2019 - Silicon Valley Moving Post<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/siliconvalleymovingpost.com\/?p=4097\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wall Street mixed, oil prices jump as Trump calls Iran\u2019s response to peace deal \u2018unacceptable\u2019 - 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