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Brent edges toward $99 as Trump rejects Iran's Hormuz proposal — why the war-risk premium won't rebuild
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- Sep 28, 2026, 8:17 AM UTC
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President of the United States (2017–2021; since 2025)
Donald John Trump is an American politician, media personality, and businessman who is the 47th president of the United States. A member of the Republican Party, he served as the 45th president from 2017 to 2021.
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Brent crude rose 0.92% to $98.51 and WTI gained 1.15% to $93.51 after President Trump rejected Iran's seven-day proposal to reopen the Strait of Hormuz. But both benchmarks remain about 12% below their early-September highs, because supply never actually stopped. Hormuz flows ran at 33.7 million barrels this…
Crude oil settled slightly higher on Monday, with Brent up about 1% at around $105 after an early $4 jump faded, as Trump rejected Iran's Hormuz proposal but…
Trump said he expects U.S. negotiators to engage with Iranian counterparts this week.