Brent crude rises above $106 as Trump rejects Iran’s proposal
- Brent crude was $106.59, up 2.18%, at 9:35 am Monday
- WTI November futures were $94.14, up 1.87%
- Higher crude raises cost pressures for Indian oil marketers, airlines and paint companies
Topic
Geopolitics▼ −43% net tone today
- Gold futures fell to around $4,230 an ounce, a seven-week low, amid the US-Iran impasse
- Iran sought sanctions relief in exchange for reopening the Strait of Hormuz, Mike Waltz said
- Brent crude rose to $106.59, up 2.18%, after Trump rejected Iran’s proposal
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Oil rises as Iran holds to Strait of Hormuz proposal rejected by Trump
- Oil rose as Iran stuck to its seven-day proposal to reopen the Strait of Hormuz
- Trump rejected Iran’s proposal, threatening further delays in reopening the strait
- Higher crude prices pressure Indian oil marketers and raise costs for fuel-consuming sectors
Crude Oil Prices Rise 1% After Trump Rejects Iran Peace Proposal; Brent Near $98, Hormuz In Focus
- WTI fell 2.3% to settle at $92.41 a barrel
- Brent crude rose 1% after Trump rejected Iran's peace proposal; it was near $98
- Higher crude prices raise fuel-cost risks for Indian oil marketers, refiners and airlines
Hormuz Tensions: Iran Hits Back At US Over Strait Control, Points To Oil Price Premium
- Iran proposed a seven-day plan to reopen the Strait of Hormuz; Trump rejected Tehran's conditions
- Oil prices remain elevated amid tensions over control of the strait
- Elevated crude prices raise input-cost risks for Indian oil marketing companies and airlines
Oil Price Today (September 28): Crude oil gains to $106 as Trump rejects Iran deal. Where are prices headed?
- Brent rose $1.65, or 1.50%, to $106 a barrel
- WTI gained 99 cents, or 1.10%, to $93.40 a barrel
- Higher crude prices raise cost pressures for Indian oil marketers, refiners and airlines
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Oil prices rebound after Trump rejects peace deal to resolve Iran conflict
- Brent crude rose $1.32, or 1.27%, to $105.64 a barrel
- US West Texas Intermediate gained 70 cents, or 0.76%, to $93.11 a barrel
- Higher crude can pressure Indian fuel retailers, airlines and other oil-consuming sectors
Oil Rises on Geopolitical Risks, Stockpile Decline
- Oil gained amid geopolitical risks and a decline in stockpiles
- Prices are still expected to decline, but the path lower may be more gradual
- Higher crude prices can pressure Indian oil-marketing companies and raise fuel costs
Gold Declines As Hormuz Impasse Keeps Rate-Hike Bets Elevated
- Oil rose after Iran refused to soften its conditions for reopening the Strait of Hormuz
- Trump rejected Iran's seven-day proposal to reopen the waterway
- Higher oil prices threaten margins at Indian fuel retailers and lift inflation risks
Oil heads higher as US-Iran peace talks in stalemate
- Oil prices rebounded more than 1% as Middle East tensions persisted
- Higher crude prices pressure Indian oil marketing companies and airlines through fuel costs
Oil gains over 1% as Trump rejects Iranian proposal to reopen Hormuz Strait
- Oil prices gained over 1% after Trump rejected Iran's proposal to end the conflict and reopen the Strait of Hormuz
- Higher crude prices raise costs for Indian oil marketers, refiners, airlines and fuel-importing companies