00:00All prices lit about 2% on Wednesday after appearing deeper losses earlier in the trading session
00:05as Iran reviewed a U.S. proposal to end the war that has disrupted global energy flows from the Persian
00:11Gulf.
00:12Brand features fell $2.27 or 2.2% to settle at $102.22 a barrel
00:19while U.S. West Texas Intermediate Crude Features fell $2.03 or 2.2% to settle at $90.32.
00:27Earlier in the session, brand features were down by as much as 7%.
00:34Iran is still reviewing a U.S. proposal to end the war in the Gulf.
00:38Despite an initial response that was negative, a senior Iranian official told Reuters on Wednesday
00:43indicating that Tehran has so far stopped short of rejecting it outright.
00:48However, Iranian officials said the exchange of messages through intermediaries did not amount to negotiations
00:54and that Tehran has no interest in holding talks with Washington at this stage.
01:00U.S. President Donald Trump will hit Iran harder if Tehran fails to accept that the country has been defeated
01:05military,
01:06White House Press Secretary Caroline Levitt said.
01:10Publicly, Iranian officials pour withering scorn of the prospect of any negotiation with the Trump administrations
01:16though an apparent delay in delivering a former response to Pakistan which convey Washington's 15-point proposal
01:24appear to signal that at least some figures in Tehran may be considering it.
01:29Extreme price swings in recent weeks boosted both crude benchmarks' historic volatility
01:34based on an actual 30-day close-to-close measurement to their highest levels since April 2022.
01:41related to the
01:41speaking of famous Taiwan
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