Oil Crosses $100 Again: Trump Rejects Iran Deal, Netanyahu Says War 'Not Over'

# Oil Crosses $100 Again: Trump Rejects Iran Deal, Netanyahu Says War 'Not Over'

> **Quick answer:** WTI crude jumped 4.8% to $100.04 and Brent surged 4.2% to $105.49 at Monday's open after President Trump called Iran's latest counteroffer "TOTALLY UNACCEPTABLE" and Israeli PM Netanyahu said in a CBS interview that the war is "not over." Goldman Sachs reports Hormuz tanker flows remain at just 4% of normal levels. Energy is the only green sector today. Here is what happened and what it means for your money.

Oil crossed the $100 psychological threshold again at Monday's open — and this time the fuel is purely geopolitical. Two statements over the weekend ripped the possibility of a near-term peace deal off the table and sent crude surging before Wall Street even opened.

## What Happened Over the Weekend

On Sunday, President Trump rejected Iran's counteroffer to U.S. peace proposals on social media, calling it "TOTALLY UNACCEPTABLE." Hours later, Israeli Prime Minister Benjamin Netanyahu appeared on CBS's "60 Minutes" with a pointed message: "There's still nuclear material, enriched uranium that has to be taken out of Iran. There is still enrichment sites that have to be dismantled, there are still proxies that Iran supports." His bottom line: the war is "not over."

The dual statements arrived over a weekend when markets were hoping for any signal of progress. Instead, they got the opposite. WTI with June delivery opened at $100.04, up 4.8%. Brent with July delivery hit $105.49, up 4.2%. APA Corporation surged 4%. The energy sector is the only sector in positive territory on Monday, up roughly 0.6%. S&P 500 futures are pointing lower.