Finance 1h ago 1 min read
Brent crude rose to $103.99 (+2.67%) on May 11, touching an intraday high of $106.00, after President Trump declared Iran's latest peace offer 'totally unacceptable.' Morgan Stanley warned a Hormuz closure could push Brent to $150/bbl by summer. Pimco flagged the risk that a prolonged Iran conflict could force the Federal Reserve to raise rates.