Monday 11th of May 2026
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Headlines : * Trump rejects Iran peace terms, Tehran warns of new attacks   * Gender identity of unborn child cannot be revealed, HC releases full verdict   * PM urges police to treat criminals as individuals   * PM orders immediate opening of 6 abandoned children’s hospitals   * Police seek separate pay scale; risk, overtime allowances at meeting with PM   * Iran sends response to US proposal to end war via mediator Pakistan   * PM calls for trust based policing to strengthen crime control   * PM seeks BNP grassroots leaders` help in implementing election pledges   * US forces strike two empty Iranian oil tankers, says CENTCOM   * 11,000 new CCTV cameras to be installed in Dhaka  

   Business
Oil prices climb as US-Iran talks break down
  Date : 11-05-2026

(BSS/AFP) - Oil prices opened sharply higher on Monday shortly after US President Donald Trump said he rejected Tehran`s response to Washington`s peace proposal, and Iran renewed threats of violence in the Strait of Hormuz.

The international benchmark for oil, Brent crude that is being prepared for July delivery, was up 2.69 percent to $104.01 a barrel.

Its US counterpart, West Texas Intermediate, rose 2.54 percent to $97.84 a barrel.

  
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