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Oil rises as Iran says it won’t soften Strait of Hormuz demands
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- Published
- Sep 28, 2026, 6:00 AM UTC
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Context from Wikipedia on the organisations, people and places in this story.
Strait between the Persian Gulf and Gulf of Oman
The Strait of Hormuz is a waterway between the Persian Gulf and the Gulf of Oman. On the north coast lies Iran, and on the south coast lies the Musandam Peninsula under the Musandam Governorate of Oman, with a portion of the southwest of the peninsula under the United Arab Emirates (UAE). The strait is about 104 miles long, with a width varying from about 60 mi to 24 mi.
More on Wikipedia ↗European stock markets rose Tuesday as oil prices retreated from recent highs as investors weighed the prospects for any reopening of the Strait of Hormuz to Gulf tanker traffic.Oil prices remain elevated, however, and government bond yields are trading at multi-year highs, contributing to losses on some Asian stock…
Oil prices rose while stocks and bonds fell after US President Donald Trump rejected Iran’s latest proposal to reopen the Strait of Hormuz, reversing some of the optimism that lifted markets late last week.View on euronews