{"id":126956,"date":"2026-05-11T13:53:29","date_gmt":"2026-05-11T09:53:29","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=126956"},"modified":"2026-05-11T14:53:56","modified_gmt":"2026-05-11T10:53:56","slug":"european-stocks-drift-as-trump-slams-irans-totally-unacceptable-response-oil-roars-3-4-higher","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/european-stocks-drift-as-trump-slams-irans-totally-unacceptable-response-oil-roars-3-4-higher\/05\/11\/market-updates\/","title":{"rendered":"European Stocks Drift as Trump Slams Iran&#8217;s &#8220;TOTALLY UNACCEPTABLE&#8221; Response: Oil Roars 3.4% Higher"},"content":{"rendered":"\n<h1 class=\"wp-block-heading\"><\/h1>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Key Takeaways<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Mixed open:<\/strong> The Stoxx 600 held mostly flat, Germany&#8217;s DAX inched 0.1% higher, the U.K.&#8217;s FTSE 100 gained 0.4%, while France&#8217;s CAC 40 slipped 0.5%.<\/li>\n\n\n\n<li><strong>Trump&#8217;s verbal blast:<\/strong> The president took to social media to declare he did not &#8220;like&#8221; Iran&#8217;s counteroffer, calling it &#8220;TOTALLY UNACCEPTABLE.&#8221;<\/li>\n\n\n\n<li><strong>Iran&#8217;s demands:<\/strong> Tehran&#8217;s response focused on concluding the fighting on all fronts and demanding compensation for war damage.<\/li>\n\n\n\n<li><strong>Hormuz control:<\/strong> Iran stressed its control over the strategic waterway, which has been effectively shut and blockaded by both sides.<\/li>\n\n\n\n<li><strong>Brent surges:<\/strong> Oil prices climbed 3.4% to $104.69 per barrel as peace deal hopes faded.<\/li>\n\n\n\n<li><strong>Inflation fears return:<\/strong> Soaring crude prices are reigniting concerns about a global inflationary spike.<\/li>\n\n\n\n<li><strong>U.S. proposal:<\/strong> Washington had pushed for a swift end to the war, followed by detailed negotiations on Iran&#8217;s nuclear program.<\/li>\n\n\n\n<li><strong>AI rally still potent:<\/strong> Enthusiasm around artificial intelligence stocks has helped Wall Street notch fresh all-time highs despite war headwinds.<\/li>\n\n\n\n<li><strong>Delivery Hero soars:<\/strong> Shares jumped more than 5% after Prosus sold a 5% stake to Hong Kong&#8217;s Aspex for 335 million euros.<\/li>\n<\/ul>\n\n\n\n<p>European stocks were mixed on Monday, with investors cautiously assessing President Donald Trump&#8217;s comments over the weekend that Iran&#8217;s response to a U.S. peace proposal was &#8220;TOTALLY UNACCEPTABLE.&#8221;<\/p>\n\n\n\n<p>By 03:04 ET (07:04 GMT), the pan-European Stoxx 600 was mostly unchanged, while Germany&#8217;s DAX had inched up 0.1%, the U.K.&#8217;s FTSE 100 had gained 0.4%, and France&#8217;s CAC 40 was lower by 0.5%.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Iran&#8217;s Counteroffer Falls Flat<\/h2>\n\n\n\n<p>According to Iranian state TV, Tehran issued a response to the U.S. plan to end their more than two-month-old conflict \u2014 focusing on concluding the fighting on all fronts and demanding compensation for war damage.<\/p>\n\n\n\n<p>Iran also stressed that it controlled the Strait of Hormuz, a vital shipping lane off the country&#8217;s southern coast through which roughly a fifth of the world&#8217;s oil flows. The strait has been all but shuttered during the conflict, and is now blockaded by both the United States and Iran.<\/p>\n\n\n\n<p>Writing on social media within hours after Iran appeared to make its counteroffer, Trump said that he did not &#8220;like&#8221; it. Washington has proposed bringing the war to a swift end, followed by more detailed negotiations on key issues \u2014 especially Iran&#8217;s nuclear ambitions.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Oil Reignites Inflation Worries<\/h2>\n\n\n\n<p>Oil prices, which have soared well above pre-war levels and fueled worries over an inflationary spike in countries around the world, marched higher on Monday. Brent crude futures, the global oil benchmark, were last 3.4% higher at $104.69 a barrel.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">AI Boom Provides Counterweight<\/h2>\n\n\n\n<p>Away from geopolitics, traders were also keeping tabs on the ongoing boom in artificial intelligence-related stocks, with enthusiasm around these names helping U.S. stocks shrug off most headwinds from the war and log fresh all-time peaks in recent days.<\/p>\n\n\n\n<p>In individual stocks, shares of Delivery Hero rose by more than 5% after Prosus offloaded a 5% stake in the business to Hong Kong&#8217;s Aspex for 335 million euros.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Mixed open: The Stoxx 600 held mostly flat, Germany&#8217;s DAX inched 0.1% higher, the U.K.&#8217;s FTSE 100 gained 0.4%, while France&#8217;s CAC 40 slipped 0.5%. Trump&#8217;s verbal blast: The president took to social media to declare he did not &#8220;like&#8221; Iran&#8217;s counteroffer, calling it &#8220;TOTALLY UNACCEPTABLE.&#8221; Iran&#8217;s demands: Tehran&#8217;s response focused on concluding &hellip;<\/p>\n","protected":false},"author":9,"featured_media":98251,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6827,49,37,36],"tags":[],"class_list":["post-126956","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","category-economic-reports","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/126956","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=126956"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/126956\/revisions"}],"predecessor-version":[{"id":126957,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/126956\/revisions\/126957"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/98251"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=126956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=126956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=126956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}