Brent oil tops $103 after Trump dismisses Iran’s peace proposal response

Oil prices jumped on Monday after Israel warned that the conflict with Iran was still ongoing.

# Brent oil tops $103 after Trump dismisses Iran’s peace proposal response Oil prices jumped on Monday after Israel warned that the conflict with Iran was still ongoing. **Read the full article:** [CNBC](https://www.cnbc.com/2026/05/11/oil-price-today-brent-wti-iran-war-trump.html) *This article was originally published by CNBC. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*