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Oil Prices Rebound As Trump Rejects Truce Proposal
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- Published
- Sep 28, 2026, 9:21 AM UTC
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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.
Islam Times - Oil prices rose Monday after US President Donald Trump rejected a proposal for a seven-day truce and the reopening of the Strait of Hormuz, renewing concerns over energy supplies and inflation.
The Trump administration has reportedly been issuing ultimatums to Tehran’s trading partners, warning that continued commerce risked US sanctions.