Brent crude rose 2.9% to $107.17 per barrel and WTI up 3.3% to $101.35 amid ceasefire doubts.
Trump called Tehran’s latest response “totally unacceptable,” saying the Iran‑U.S. truce is on “life support,” reviving war fears.
Saudi Aramco CEO warned reopening Strait of Hormuz may take months to normalize oil flows despite immediate reopening.
Traders eye U.S. CPI and producer price data, expecting higher inflation that could keep Fed rates elevated, plus Trump‑Xi summit.