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Oil climbs as Netanyahu warns Iran conflict is ‘not over,’ Trump rejects Tehran's proposal to end war

Cnbc · · 317 words · By Lee Ying Shan
Energy Market Volatility Geopolitical Conflict (US/Israel vs Iran)
open_in_new Read the original article: https://www.cnbc.com/2026/05/11/oil-price-today-brent-wti-iran-war-trump.html

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Loaded Language 80% confidence
Using words with strong emotional connotations to influence an audience.

fact_checkFact-Check Results

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

check_circle Corroborated 3
info Single Source 3
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verified Verified 1
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“Oil prices jumped Monday after Israeli Prime Minister Benjamin Netanyahu warned that the conflict with Iran was "not over"”
CORROBORATED
Multiple sources confirm that oil prices jumped on Monday and that Netanyahu stated the war is 'not over' in a CBS interview. Business Insider reports oil jumping past $115 on Monday, and CBS News/CNBC confirm Netanyahu's specific quote.
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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…
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wikipedia NEUTRAL — On 8 April 2026, the United States and Iran agreed to a two-week ceasefire in the 2026 Iran war, mediated by Pakistan. Iran had rejected the draft proposal for a 45-day two-phased ceasefire framework …
https://en.wikipedia.org/wiki/2026_Iran_war_ceasefire
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wikipedia NEUTRAL — On 13 April 2026, the United States imposed a naval blockade on Iran following the failure of the Islamabad Talks to end the 2026 Iran war. The US military said the blockade had begun on Monday, 13 Ap…
https://en.wikipedia.org/wiki/2026_United_States_naval_block…
+ 3 more evidence sources
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“U.S. President Donald Trump, meanwhile, rejected Iran's counteroffer to end the war with the U.S. and Israel.”
DISPUTED
The Guardian reports that Trump rejected a 14-point plan submitted by Tehran. However, a separate report cites Iran's foreign minister, Abbas Araghchi, who denied that any counteroffer was made or that formal negotiations were taking place.
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web search NEUTRAL — US-Israel war on Iran.The US plan that Iran is reviewing has 14 points, perhaps to mirror the 14-point plan that Tehran submitted late last week and which Trump rejected.
https://www.theguardian.com/world/2026/may/07/iran-mocks-don…
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web search NEUTRAL — Follow the latest news about the US-Israel war with Iran. Get expert analysis, reports from the ground, maps and verified videos from BBC journalists around the world.
https://www.bbc.com/news/topics/cx2jyv8j8gwt
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web search NEUTRAL — Iran’s foreign minister, Abbas Araghchi, said on Tuesday that his country had neither responded to a 15-point peace proposal from the United States nor made a counteroffer. He denied any formal negoti…
https://www.nytimes.com/live/2026/03/31/world/iran-war-oil-t…
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“U.S. West Texas Intermediate futures with June delivery advanced 3.08% to $95.42 per barrel”
SINGLE SOURCE
The provided web search results for this claim are irrelevant (discussing the letter 'U' and the element Uranium) and do not provide pricing data for WTI futures.
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web search NEUTRAL — U (minuscule: u) is the twenty-first letter and the fifth vowel letter of the Latin alphabet, used in the modern English alphabet and the alphabets of other western European languages and others world…
https://en.wikipedia.org/wiki/U
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web search NEUTRAL — In chemistry, U is the symbol for uranium. Sometimes used as a short form of "you". It is the seventh letter on the QWERTY keyboard.
https://simple.wikipedia.org/wiki/U
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web search NEUTRAL — The Letter U Song - Here's Jackson to teach us the letter U! It's the next letter of the alphabet. How many words can you think of that start with the letter U?
https://kidvideo.org/video/the-letter-u-song-learn-the-alpha…
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“the international benchmark Brent crude futures with July delivery rose 3.16% to $104.49 per barrel.”
SINGLE SOURCE
While web results confirm Brent crude prices are high (around $113-$114), the specific figure of $104.49 and the 3.16% rise for July delivery are not corroborated by the provided evidence snippets.
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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. Brent Jul 2026.
https://oilprice.com/futures/brent/
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web search NEUTRAL — Explore in-depth financial insights on Brent Crude Oil Futures.Dive into a wealth of data encompassing Brent Crude Oil stocks, ensuring you stay well-informed about this dynamic market. Real-time deri…
https://www.investing.com/commodities/brent-oil
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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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“Netanyahu said on Sunday in an interview on CBS's "60 Minutes" that is set to air Sunday night.”
CORROBORATED
Confirmed by a cross-reference (CNBC) and multiple web search results (CBS News, other news outlets) that Netanyahu gave an interview to CBS '60 Minutes' set to air Sunday night.
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web search NEUTRAL — Watch Netanyahu's interview, Sunday on 60 Minutes.The Iran war is "not over" because highly enriched uranium still needs to be removed from Iran, Israeli Prime Minister Benjamin Netanyahu says. Watch …
https://www.cbsnews.com/video/netanyahu-iran-war-60-minutes/
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web search NEUTRAL — Watch CBS News. 60 Minutes.In an interview airing Sunday on 60 Minutes, Netanyahu told CBS News chief Washington correspondent Major Garrett that highly enriched uranium needs to be taken out of Iran …
https://www.cbsnews.com/news/netanyahu-israel-iran-war-not-o…
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web search NEUTRAL — Additionally, Netanyahu also talked about Iran, focusing on the enriched uranium still present in the country, during a Sunday night interview with CBS. "We've degraded a lot of it.
https://www.jpost.com/israel-news/politics-and-diplomacy/art…
+ 1 more evidence source
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“Citi analysts wrote in their latest oil report that prices could rise further if Iran and U.S. do not agree a deal”
SINGLE SOURCE
The search results for 'Citi' only provide general banking and credit card information, not the specific oil report or analyst claims mentioned in the claim.
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web search NEUTRAL — Citibank offers multiple banking services that help you find the right credit cards, open a bank account for checking, & savings, or apply for mortgage & personal loans.
https://www.citi.com/
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web search NEUTRAL — Managing your card with CitiManager is now easier than ever! Find out what you can do. We are having trouble looking up your CitiManager profile. Please confirm your work email that you used to setup …
https://home.cards.citidirect.com/CommercialCard/login
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web search NEUTRAL — Sign on and manage your credit card account. Don't have an account? Apply online today.
https://citiretailservices.citibankonline.com/RSauth/signon?…
verified
“crude markets have been cushioned by high inventories, strategic petroleum reserve releases, weaker demand in developing economies and intermittent signs of possible de-escalation in the Middle East.”
VERIFIED
A report from NAI 500 explicitly attributes to Citi a research report stating that markets were cushioned by inventory consumption, SPR releases, and reduced imports by Asian countries.
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web search NEUTRAL — Wall Street financial giant Citi has released a research report stating that although inventory consumption, the release of strategic petroleum reserves, reduced imports by Asian countries due to high…
https://nai500.com/blog/2026/05/the-crisis-in-the-strait-of-…
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web search NEUTRAL — SPR release was 7.1 million bbls.This was most notable in diesel. And since the world was short on refining capacity and no crude supplies were lost, refining margins took the bulk of the price increa…
https://www.hfir.com/p/as-onshore-oil-inventories-decline
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web search NEUTRAL — Crude oil is China’s second-most valuable imported good after integrated electronic circuits and microassemblies, but well ahead of imported iron ores and concentrates, gold, petroleum gas, then coppe…
https://www.worldstopexports.com/top-15-crude-oil-suppliers-…
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“Iran retains significant control over the timing and terms of any potential agreement to reopen the critical Strait of Hormuz energy route.”
CORROBORATED
Multiple sources (AP News, NPR) confirm that Iran has reinstated control/restrictions over the Strait of Hormuz and is using it as leverage against the U.S. blockade.
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web search NEUTRAL — Iran said Saturday it had reinstated control of the Strait of Hormuz, and was reversing course on its decision to reopen the critical waterway until the United States completely lifts its blockade ...
https://www.npr.org/2026/04/18/nx-s1-5789780/iran-middle-eas…
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web search NEUTRAL — CAIRO (AP) — Iran swiftly reversed course on reopening the Strait of Hormuz, reimposing restrictions on the critical waterway on Saturday after the U.S. said the move would not end its blockade. The c…
https://apnews.com/article/us-iran-war-israel-hormuz-18-apri…
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web search NEUTRAL — The proposed framework would unfold in three stages: formally ending the war, resolving the crisis in the Strait of Hormuz and launching a 30-day window for negotiations on a broader agreement.
https://www.reuters.com/world/china/whats-included-talks-end…
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.