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Oil soars above $107 after Trump rejects Iran peace deal, expects fresh strikes after midterms
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- Published
- Sep 28, 2026, 5:10 PM 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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Oil soared above $107 a barrel on Monday on news President Trump rejected an Iranian peace proposal and expects to resume US strikes after the November midterms – threatening to keep inflation high…
Brent crude jumps to $106.30 as Iran's Hormuz proposal is rejected; stock futures slip and bond yields rise, reviving inflation and rate-hike concerns.
President Donald Trump has rejected Iran’s proposal to reopen the Strait of Hormuz.