Iran rejects U.S. ceasefire proposal, oil prices remain stable

LootboxPhobia · 2026-04-06T18:03:04+00:00

On Monday morning Eastern Time, WTI crude oil prices hovered around $111. Iran rejected the U.S. ceasefire proposal and put forward ten conditions demanding a permanent end to the war and ensuring the safe passage through the Strait of Hormuz.

LootboxPhobia

2026-04-06 18:03:04

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Investing.com — Monday at 10:50 a.m. Eastern Time (22:50 Beijing time), WTI crude oil prices were trading near $111, with a muted reaction to news that Iran rejected the U.S. ceasefire proposal.

According to reports from Iran’s state TV, IRNA, Iran conveyed its response to the U.S. via Pakistan regarding a proposal to end the war. The response includes ten terms.

In its reply, Iran rejected a ceasefire agreement with the U.S. and instead demanded a permanent end to the war. The country also called for agreements to ensure safe passage through the Strait of Hormuz, the lifting of sanctions, and the launch of reconstruction efforts.

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