Business

Oil Prices Surge After Trump Rejects Iranian Proposal

Updated 2026-09-28 00:10 UTC 1 source Negative

Oil prices increased by over 1% on Monday following U.S. President Donald Trump's rejection of an Iranian peace proposal to reopen the Hormuz Strait, escalating tensions in the region.

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CNBC

Oil gains over 1% as Trump rejects Iranian proposal to reopen Hormuz Strait

Oil prices jumped on Monday after U.S. President Donald Trump rejected an Iranian peace proposal aimed at ending the conflict.

2026-09-27 23:58 UTC