The gains pushed Brent’s cumulative war premium to 53% since late February, with WTI trailing at 45%, reflecting growing market scepticism toward conciliatory US statements after Tehran dismissed the US-brokered peace proposal as fundamentally one-sided.
The rally followed Tehran’s rejection of a 15-point US peace framework, which called for strict limits on uranium enrichment and ballistic missile development and was widely seen as biased toward Washington.