The oil price jumped 4 per cent after Donald Trump branded a mooted Iran peace plan “totally unacceptable”. It came as Saudi Aramco warned the disruption to the oil market could continue well in to next year, raising the prospect of fuel shortages. The world ’s largest oil company reported profit for the first quarter alone of $33.6bn (£25bn), an increase of 25 per cent on a year ago. Amin Nasser, the CEO of Saudi Aramco, estimates the world has lost one billion barrels of oil since the Iran war started in late February . “If trade flows resume immediately or today through the Strait of Hormuz, it will take a few months for the oil market to rebalance,” Mr Nasser said on Sunday. “But if trade and shipping remain curtailed by more than a few weeks from today, we anticipate the supply disruption to persist, and the market to normalise only in 2027.” (Getty Images) Brent crude rose $4 to $105 a barrel this morning. It was at around $60 at the start of the year.…