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Brent Oil Hits $106 as Trump Rejects Iran Deal: What Is the Market Pricing In?
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- Published
- Sep 28, 2026, 9:45 AM UTC
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Brent crude rises more than 3 percent to top $107 a barrel as Washington dismisses Tehran's proposal to end war.
Surging crude prices are dragging on U.S. futures after President Donald Trump rejected Iran’s proposal to reopen the Strait of Hormuz.
Oil soared above $107 a barrel on Monday on news President Trump rejected an Iranian peace proposal and expects to resume US strikes after the November midterms – threatening to keep inflation high…