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Oil Prices Spike After Trump Rejects Iran Truce Offer
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- Published
- Sep 28, 2026, 6:41 AM UTC
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Oil futures surged more than three percent Monday, while Wall Street dipped and European equities stalled after US President Donald Trump rejected Iran
Brent crude rises more than 3 percent to top $107 a barrel as Washington dismisses Tehran's proposal to end war.
Oil prices moved higher after President Donald Trump rejected Iran’s ceasefire proposal, while diamond prices hit a record low and McDonald’s announced plans to upgrade restaurants.