EXPLAINER Brent crude rises amid a continuing deadlock as Trump describes Iran’s response as ‘totally unacceptable’. Diplomatic efforts to forge a peace deal between the United States and Iran appear to have hit a wall, with each side accusing the other of making unreasonable demands, even as continuing tensions in the Strait of Hormuz are sending oil prices to new highs. The US-Israel war on Iran entered its 73rd day on Monday. Late on Sunday, US President Donald Trump flatly rejected Iran’s latest proposal to end the war without giving any reason. Days after the US floated an offer in the hopes of reopening negotiations, Iran on Sunday released a response focused on ending the war on all fronts, especially in Lebanon. Oil prices climbed after Trump’s latest comments, with the international benchmark Brent crude up 2.69 percent to $104.01 a barrel by 23:36 GMT on Sunday.…