Washington rejects Tehran’s latest offer, calling changes token amid stalled negotiations and rising geopolitical tensions.
The US has rejected Iran’s most recent nuclear proposal, describing it as lacking meaningful concessions. A senior official stated progress remains limited, increasing pressure on Tehran to respond more substantively.
Crude oil prices surged on the news, with the July contract rising $1.76, or 1.74%, to $102.84. Prices fluctuated between $98.60 and $104.37 intraday as supply concerns and geopolitical risks drove volatility.
US Treasury yields edged higher, with the 10-year yield up 0.6 basis points to 4.601%. The dollar showed mixed moves, weakening against the British pound and New Zealand dollar.