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Oil heads higher as US-Iran peace talks in stalemate
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- Published
- Sep 27, 2026, 10:14 PM UTC
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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. Brent futures were up $2.28, or 2.2%, at $106.60 a barrel at 10:27 a.m. EDT (1427 GMT), while US West Texas Intermediate (WTI)…
Oil prices experienced a rebound of more than 1% as geopolitical tensions in the Middle East persisted. Donald Trump rejected Iran