# Iran-US Talks Collapse, Oil Prices Soar

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Text version: https://stenobird.com/podcast/business-finance-news-today-2-min-news-the-daily-news-now-7726192/iran-us-talks-collapse-oil-prices-soar.md
Podcast: [Business News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/business-finance-news-today-2-min-news-the-daily-news-now-7726192)
Published: 2026-05-11T02:03:23+00:00
Episode link: https://api.fastcast.ai/audio/e738ba43-31de-49e1-a3a0-369850c610be.mp3
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Duration seconds: 105

## Resource

Markets plummeted today as U.S.-Iran ceasefire talks collapsed, escalating energy crisis. Dow futures dropped 200 points, S&P 500 futures fell 0.33%. Oil prices surged, with U.S. crude up 2.7% to $97.97 and Brent crude hitting $101.1. Iran rejected U.S. demands, insisting on ending war globally and gradual Strait of Hormuz reopening. President Trump condemned Irans stance, warning of military action if no deal emerges. With global oil stocks critically low, prices could soar if the strait remains closed, causing widespread economic pain. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/7fb90e0da69ee354

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