Oil rises 2% as US-Iran peace talks falter

Published: September 28, 2026 at 8:19 AM

News summary

Oil prices rose by about 2% on Monday after US President Donald Trump rejected a peace proposal from Iran to resolve the dispute between them and reopen the Strait of Hormuz, leading to continued tensions in the Middle East. By 04:05 GMT, Brent crude futures rose by $2.75, or 2.64%.

Importance: Critical · 96/100
Impact direction: Uncertain

Sources

alrasheedmedia.com ↗

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STRESS|Economic Intelligence

GeopoliticalGlobal

Oil rises 2% as US-Iran peace talks falter

Published: September 28, 2026 at 8:19 AM

News summary

Oil prices rose by about 2% on Monday after US President Donald Trump rejected a peace proposal from Iran to resolve the dispute between them and reopen the Strait of Hormuz, leading to continued tensions in the Middle East. By 04:05 GMT, Brent crude futures rose by $2.75, or 2.64%.

Importance: Critical · 96/100
Impact direction: Uncertain

Sources

alrasheedmedia.com ↗