Pirro reveals new Trump attack evidence; Cole Allen challenges 'suicide precautions'

U.S. crude oil prices rose more than 3% Tuesday on reports that President Donald Trump is dissatisfied with Iran's proposal to reopen the Strait of Hormuz. Investors also kept an eye on OPEC after the United Arab Emirates said it was leaving the organization starting Friday. West Texas Intermediate futures jumped more than 3% to close at $99.93 per barrel. International benchmark Brent futures advanced nearly 3% to settle at $111.26. Trump told his advisors that he is not satisfied with Iran's proposal to open the strait and end the war, multiple people briefed on the matter told The New York Times. It was not clear why exactly the president did not like Iran's offer, according to the Times. Iran has offered offered to reopen the strait if the U.S. lifts its naval blockade. But Tehran wants leave discussions on its nuclear program to a later date. Secretary of State Marco Rubio was skeptical of Iran's proposal in an interview with Fox News on Monday. Rubio said Tehran is willing to reopen the strait to traffic only if its still in control of the sea lane. "That's not opening the straits. Those are international waterways. They cannot normalize, nor can we tolerate them trying to normalize, a system in which the Iranians decide who gets to use an international waterway and how much you have to pay them to use it," Rubio said. Energy flows through the Strait of Hormuz — which carries about a fifth of the world's oil and liquefied natural gas — remain severely disrupted,