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U.S. Rejects Iran's 14-Point Peace Plan as Oil Prices Rise Over 7% on Monday

GateNews

2026-05-18 07:00:18

According to Guang Da Futures, the U.S. rejected Iran’s 14-point written proposal for ending the conflict on Monday, reaffirming its tough stance, particularly on nuclear issues. The escalation of tensions between the U.S. and Iran drove domestic crude oil prices higher, with intraday gains exceeding 7%.

China imported 38.471 million tons of crude oil in April, down 23.0% month-over-month and 20.0% year-over-year, while cumulative imports for January-April reached 185.292 million tons, up 1.3% year-over-year. Geopolitical uncertainties in the Middle East have heightened supply disruption risks in the spot market.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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