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Asia markets set to open mixed as oil jumps on Trump rejecting Iran proposal

Cnbc · · 353 words · By Justina Lee
open_in_new Read the original article: https://www.cnbc.com/2026/05/11/asia-markets-today-live-updates-nikkei-kospi-han…

fact_checkFact-Check Results

16 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

check_circle Corroborated 6
schedule Pending 6
info Single Source 3
verified Verified 1
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“Iran submitted a new proposal to U.S. negotiators focused on ending the Middle East conflict.”
CORROBORATED
Multiple web search results confirm that Iran offered a new proposal to the US focused on ending the war, specifically mentioning the Strait of Hormuz and nuclear negotiations.
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wikipedia NEUTRAL — Beginning in late January 2026, the United States carried out its largest military buildup in the Middle East since the 2003 invasion of Iraq, deploying air, naval, and missile defense assets amid esc…
https://en.wikipedia.org/wiki/2026_United_States_military_bu…
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wikipedia NEUTRAL — This timeline of the 2026 Iran war covers the period since 28 February 2026. The war is ongoing.
https://en.wikipedia.org/wiki/Timeline_of_the_2026_Iran_war
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wikipedia NEUTRAL — On April 12, 2025, Iran and the United States began a series of negotiations aimed at reaching a nuclear peace agreement, following a letter from US president Donald Trump to Iranian supreme leader Al…
https://en.wikipedia.org/wiki/2025–2026_Iran–United_States_n…
+ 3 more evidence sources
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“Iran's semi-official Tasnim news agency said that the counteroffer called for an end to the war on all fronts and the lifting of sanctions on Tehran”
CORROBORATED
Three separate web search results confirm that the Tasnim news agency reported the counteroffer called for lifting sanctions and ending the war on all fronts.
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web search NEUTRAL — The response text emphasizes lifting sanctions, ending the war on all fronts, and Iran’s control over the Strait of Hormuz. The Iranian response stresses the necessity of ending the war immediately an…
https://news-pravda.com/world/2026/05/10/2295953.html
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web search NEUTRAL — Tasnim news agency, which is affiliated with the Islamic Revolutionary Guards Corps, reported that Iran's text "stresses the necessity of lifting U.S. sanctions, ending the war on all fronts" and ensu…
https://www.axios.com/2026/05/10/trump-iran-war-us-peace-pla…
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web search NEUTRAL — The Iranian proposal stressed the need to end the war on all fronts and to lift sanctions on Tehran, the agency reported on Sunday. The proposal emphasized the necessity of lifting sanctions by the US…
https://www.jpost.com/middle-east/iran-news/article-895737
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“Trump said he did not like Iran's response and called it "TOTALLY UNACCEPTABLE!" in a Truth Social Post.”
CORROBORATED
Web search results explicitly mention that Donald Trump called the Iranian proposal 'totally unacceptable' in response to the reports.
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wikipedia NEUTRAL — The religious views of Donald Trump, the 45th and 47th president of the United States, have been a matter for discussion among observers and the American public. Trump was raised in his Scottish-born …
https://en.wikipedia.org/wiki/Donald_Trump_and_religion
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wikipedia NEUTRAL — Donald Trump's use of social media attracted attention worldwide since he joined Twitter in May 2009. Over nearly twelve years, Trump tweeted around 57,000 times, including about 8,000 times during th…
https://en.wikipedia.org/wiki/Social_media_use_by_Donald_Tru…
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wikipedia NEUTRAL — "Trump Always Chickens Out" (TACO) is a pejorative description of the perceived tendency of United States president Donald Trump to make threats, only to later delay or renege on them as a way to incr…
https://en.wikipedia.org/wiki/Trump_Always_Chickens_Out
+ 3 more evidence sources
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“Israeli Prime Minister Benjamin Netanyahu said Sunday that the war with Iran is "not over"”
CORROBORATED
The claim is confirmed by two independent news sources (CNBC and South China Morning Post) and supported by Wikipedia entries regarding the 2026 Iran war.
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wikipedia NEUTRAL — Since 28 February 2026, the United States and Israel have been engaged in a war with Iran and its regional allies. The conflict began when the US and Israel launched airstrikes on Iran, targeting mili…
https://en.wikipedia.org/wiki/2026_Iran_war
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wikipedia NEUTRAL — Numerous reasons have been given by different people for the 2026 Iran war, which began when the United States and Israel launched surprise airstrikes on Iran on 28 February 2026. The reasons are desc…
https://en.wikipedia.org/wiki/Rationale_for_the_2026_Iran_wa…
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wikipedia NEUTRAL — A ceasefire between Iran and Israel took effect on 24 June 2025, ending the Twelve-Day War. It was mediated by the United States and Qatar. On the evening of 23 June, U.S. president Donald Trump state…
https://en.wikipedia.org/wiki/Twelve-Day_War_ceasefire
+ 2 more evidence sources
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“Trump's trip to China later this week, where he's expected to meet with Chinese President Xi Jinping.”
CORROBORATED
Confirmed by CNBC and South China Morning Post, and explicitly listed in Wikipedia as a scheduled state visit for May 14-15, 2026.
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wikipedia NEUTRAL — Donald Trump was the 45th and is the 47th President of the United States. He was first elected president in 2016, then was later elected to a second nonconsecutive term in 2024. Trump has repeatedly r…
https://en.wikipedia.org/wiki/Donald_Trump_third_term_propos…
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wikipedia NEUTRAL — From 14 to 15 May 2026, the president of the United States, Donald Trump, is scheduled to make a state visit to China with his wife, the first lady of the United States, Melania Trump. This visit woul…
https://en.wikipedia.org/wiki/2026_state_visit_by_Donald_Tru…
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wikipedia NEUTRAL — From 8 to 10 November 2017, the president of the United States, Donald Trump, made a state visit to China with his wife, the first lady of the United States, Melania Trump. This was Trump's first stat…
https://en.wikipedia.org/wiki/2017_state_visit_by_Donald_Tru…
+ 2 more evidence sources
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“the subsequent closure of the Strait of Hormuz by Iran”
CORROBORATED
Five independent cross-references from Deutsche Welle and Al Jazeera confirm that Iran closed the Strait of Hormuz in response to US/Israeli attacks.
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cross reference SUPPORTS — After Israel and the US attacked Iran in late February, Iran closed off the Strait of Hormuz
https://www.dw.com/en/strategic-neutrality-how-syria-is-winn…
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cross reference SUPPORTS — Iran has closed the Strait of Hormuz again
https://www.dw.com/en/iran-attacks-on-ships-reported-as-stra…
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cross reference SUPPORTS — Iran has closed the Strait of Hormuz again
https://www.dw.com/en/iran-attacks-on-ships-reported-as-stra…
+ 2 more evidence sources
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“The West Texas Intermediate futures for June was 2.93% higher at $98.35 per barrel as of 7:30 p.m. ET.”
SINGLE SOURCE
While web search results provide general WTI price data, none of the provided evidence snippets confirm the specific price of $98.35 or the 2.93% increase for the June futures at 7:30 p.m. ET.
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web search NEUTRAL — Explore real-time Crude Oil futures price data and key metrics crucial for understanding and navigating the Crude Oil Futures market.The current price of Crude Oil WTI futures is 104.97, with a previo…
https://www.investing.com/commodities/crude-oil
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web search NEUTRAL — WTI and Brent oil futures are standardized contracts traded on futures exchanges. Each contract represents a specific quantity (typically 1,000 barrels) of oil to be delivered at a specified future da…
https://oilprice.com/futures/brent/
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web search NEUTRAL — West Texas Intermediate (WTI) is a grade or mix of crude oil; the term is also used to refer to the spot price, the futures price, or assessed price for that oil. In colloquial usage, WTI usually refe…
https://en.wikipedia.org/wiki/West_Texas_Intermediate
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“Brent crude futures for July rose 3.14% to $104.47 per barrel.”
SINGLE SOURCE
Web search results show varying Brent crude prices (e.g., $114, $101.29, $113.16), but none specifically confirm the July futures rose 3.14% to $104.47.
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web search NEUTRAL — Brent crude futures hovered around $114 per barrel on Tuesday, following a surge of nearly 6% in the prior session, as Middle East tensions intensified sharply.
https://tradingeconomics.com/commodity/brent-crude-oil
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web search NEUTRAL — Gain instant access to the live Brent Crude Oil price, key market metrics, trading details, and intricate Brent Crude Oil futures contract specifications.101.29. Open. 104.15. Day's Range.
https://www.investing.com/commodities/brent-oil
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web search NEUTRAL — The current price of Brent crude oil today is $113.16 per barrel. Live charts, historical data, futures contracts, and breaking news on Brent prices can be found below.
https://oilprice.com/futures/brent/
info
“Japan's Nikkei 225 was poised to gain, with the Chicago futures contract at 63,745 and its Osaka counterpart last trading at 63,760, compared with the index's previous close of 62,713.65.”
SINGLE SOURCE
Web search results provide general information about the Nikkei 225, but do not contain the specific futures values (63,745 and 63,760) or the previous close mentioned in the claim.
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web search NEUTRAL — NIKKEI 225 Today: Get all information on the NIKKEI 225 Index including historical chart, news and constituents.
https://markets.businessinsider.com/index/nikkei_225
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web search NEUTRAL — The Nikkei 225, or the Nikkei Stock Average (Japanese: 日経平均株価, Hepburn: Nikkei heikin kabuka), more commonly called the Nikkei or the Nikkei index[1][2] (/ ˈnɪkeɪ, ˈniː -, nɪˈkeɪ /), is a stock market…
https://en.wikipedia.org/wiki/Nikkei_225
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web search NEUTRAL — Find the latest information on Nikkei 225 (^N225) including data, charts, related news and more from Yahoo Finance
https://finance.yahoo.com/quote/^N225/?fr=sycsrp_catchall
verified
“Hong Kong Hang Seng index futures were at 26,250, lower than the index's last close of 26,393.71.”
VERIFIED
A web search result from CNBC explicitly states: 'Hong Kong Hang Seng index futures were at 26,250, lower than the index's last close of 26,393.71.'
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web search NEUTRAL — Download Hang Seng Index stock data: historical HSI stock prices from MarketWatch.
https://www.marketwatch.com/investing/index/hsi/download-dat…
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web search NEUTRAL — Hong Kong Hang Seng index futures were at 26,250, lower than the index's last close of 26,393.71. In Australia, futures last traded at 8,736, while the S&P/ASX 200 ′s closed at 8,744.40.
https://www.cnbc.com/2026/05/11/asia-markets-today-live-upda…
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web search NEUTRAL — Get the latest market data such as last traded prices and volumes of HKEX's Hang Seng Index Futures and Options.
https://www.hkex.com.hk/Market-Data/Futures-and-Options-Pric…
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“In Australia, futures last traded at 8,736, while the S&P/ASX 200′s closed at 8,744.40.”
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“Futures tied to the Dow Jones Industrial Average slid 143 points, or 0.3%.”
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“S&P 500 futures and Nasdaq 100 futures each also lost 0.3%.”
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“the S&P 500 and Nasdaq Composite rallied more than 2% and 4%, respectively, last week.”
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“Both indexes recorded their sixth-straight winning weeks — a first for each since 2024.”
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“The Dow rose 0.2% for the week, notching its fifth week of gains out of the last six.”
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info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.