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Watch Trump Rejects Iran's Hormuz Offer as US Borrowing Costs, Oil Rise
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- Sep 28, 2026, 7:15 AM UTC
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Brent crude climbed above $108 a barrel Monday after Trump turned down Tehran
Oil prices rose and U.S. stock futures TVC:SPX declined Sunday evening after President Donald Trump rejected Iran’s latest proposal to reopen the Strait of Hormuz, putting renewed pressure on markets already contending with high interest rates and inflation concerns.Brent crude TVC:UKOIL rose about…
A sell-off in Treasuries resumed on Monday as oil rallied after US President Donald Trump rejected Iran’s latest proposal to reopen the Strait of Hormuz, intensifying inflation concerns.