World shares were mixed Monday after Wall Street set more records, and oil rose more than 2% following U.S. President Donald Trump’s rejection of Tehran’s response to the latest U.S. proposal on ending the war in Iran.

Oil prices rallied Monday (May 11), a day after President Donald Trump said Iran's response to a U.S. peace proposal was "unacceptable," raising supply fears as the Strait of Hormuz stayed largely closed.

Oil prices climbed after Trump said Iran’s response to a U.S. proposal to end the war was totally unacceptable.

Oil prices rose in Monday morning trade in Asia after President Donald Trump said Iran's response to US proposals to end the war was "totally unacceptable". Tehran sent its response via Pakistan, which has served as a mediator between the two sides,

Iran sent its response to the latest US proposal to end the Iran war via Pakistani mediators on Sunday, but President Trump quickly rejected it in a social media post as “TOTALLY UNACCEPTABLE!” — the latest setback to efforts to resolve the standoff in the Persian Gulf that has throttled shipping and sent energy prices soaring.

U.S. stock-index futures fell and oil prices rose on Sunday, after President Donald Trump called Iran’s response to the latest U.S. proposal to end the war “totally unacceptable.”

President Donald Trump has announced that the United States is rejecting Iran’s latest counter proposal passed on by Pakistan, writing, “I don’t like it– totally unacceptable.” Iran says its demands

President Donald Trump on Sunday rejected Iran's response to a U.S. proposal for peace talks to end the war, as two ships were allowed to pass through the blockaded Strait of Hormuz. Ryan Brooks reports.