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Brent rebounds above US$106 as Iran-Hormuz standoff threatens oil flows
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- Sep 28, 2026, 1:35 AM UTC
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Oil prices climbed more than 2% on Monday, with Brent at $107.08 and WTI at $94.66, after Iran refused to soften the terms of its proposal to reopen the Strait of Hormuz following its rejection by President Donald Trump. The standoff, Houthi attacks on Saudi Arabia and Red Sea shipping, and record diesel prices are…
Gold price today: gold fell 3% and silver 4.7% as Trump rejected Iran's Hormuz plan, raising Fed hike odds to 66%.
TEHRAN, Sept 27 — Iran’s Revolutionary Guards said today that they seized an American submarine drone in the strategic Strait of Hormuz, which Tehran has blocka