Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Crude Oil Prices Rise Following US Rejections of Iran Talks Proposal

Crude Oil Prices Rise Following US Rejections of Iran Talks Proposal

MT newswireMT newswire2026/09/28 11:18
07:18 AM EDT, 09/28/2026 (MT Newswires) -- Crude oil prices rose Monday following US President Donald Trump's rejection of a proposal by Iran to reopen the Strait of Hormuz and return to talks. Brent crude futures were up 4.0% to $108.50 while West Texas Intermediate was up 4.2% to $96.31 in early Monday trading. Iran last week offered to remove its attempted restriction on maritime traffic in and out of the Persian Gulf and return to talks over its nuclear program in an exchange for unfreezing of its assets by the US and the removal of sanctions on the sale of Iranian crude, news outlets reported. Trump rejected the offer, insisting the US would not offer Iran any upfront concessions ahead of talks or the removal of sanctions, CNBC reported.
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Only twice in history! S&P 500 equal-weight index is expected to record seven consecutive weeks of decline this week

The S&P 500 Equal Weight Index is expected to fall for a seventh consecutive week. If this downward trend continues through Friday, it will mark only the third time in history that the index has experienced seven straight weeks of decline.

智通财经•2026/09/30 23:17

Trump “bites” Powell, demanding his resignation from the Federal Reserve Board, citing severe cost overruns in headquarters renovation.

U.S. President Trump on Wednesday called for former Federal Reserve Chairman Powell to resign from his position as a Fed governor, following an inspector general report on the Federal Reserve headquarters renovation project, which highlighted a series of management issues that led to significant cost overruns.

智通财经•2026/09/30 23:17