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Oil Rips Higher as Trump Rejects Iran's Hormuz Plan; Stock Futures Ease
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- Published
- Sep 27, 2026, 9:19 PM UTC
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Mediators are still working with Iran and the U.S. on a deal to end the war, even after President Trump rejected Iran's latest proposal, officials say.
President Donald Trump declined Iran's proposal to resume nuclear talks and reopen the Strait of Hormuz, citing confidence that the war will end soon.
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.