Iran Rejects US Ceasefire, Oil Holds $111

Crude Oil WTI price hovered around $111 per barrel at 10:50 AM Monday, with a modest 0.20% decline.
Iran, via state TV IRNA, sent a ten‑clause reply to the U.S. ceasefire proposal, rejecting it outright.
Tehran demanded a permanent end to the war, safe passage through the Strait of Hormuz, sanctions lift and reconstruction.
Oil prices remained steady despite geopolitical tension, indicating a muted market response.