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Oil prices rise 2% after Trump rejects Iran peace deal
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- Published
- Sep 28, 2026, 7:12 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 rises more than 3 percent to top $107 a barrel as Washington dismisses Tehran's proposal to end war.
The Saudis shutdown the pipeline earlier this month after it sustained damage in a drone strike launched form Iraq.
NEW YORK, Sept 28 (Reuters) - Oil prices climbed about 2% on Monday after US President Donald Trump rejected a peace deal from Iran to resolve their conflict and reopen the Strait of Hormuz.