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Oil jumps more than 3% as US-Iran peace talks reach impasse
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- Published
- Sep 28, 2026, 11:49 AM UTC
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Oil prices jumped more than 3% on Monday after US President Donald Trump rejected a peace proposal put forward by Iran to end the conflict between the two countries and reopen the Strait of Hormuz.
Crude prices jumped more than 2% on Monday, extending gains past 4% at one point, after President Donald Trump rejected Iran's seven-day plan to…
Oil prices rise as Brent crude jumps 2.5% after Trump rejects Iran peace proposal, raising concerns over the Strait of Hormuz and global oil supply.