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Trump rejects Iran’s seven-day ceasefire proposal; renewed bombing reportedly possible
The brief
- Trump rejected Iran’s conditional seven-day ceasefire proposal
- The Wall Street Journal reported Trump told aides US bombing could resume after November’s midterms
- Renewed conflict could lift crude prices, pressuring Indian oil companies, airlines and fuel consumers
- Why a midterm defeat could make Trump more dangerous on Iran
- US midterms 2026: Why Alaska’s voting system is under the spotlight
- How months of work on the Clarity Act all fell apart
- Republicans pour money into dozens of US House races previously considered 'safe'
- Stock market prediction: Experts see more pain ahead but see bottom in Oct 2026 amid Nifty, Sensex poor show — 3 reasons
US-Iran standoff over reopening the Strait of Hormuz
Oil rose as Iran threatened to widen the conflict and held to a seven-day proposal to reopen the Strait of Hormuz, while Trump rejected the proposal. Iran said indirect talks with the US remained open; Trump said the conflict could end soon but did not rule out further strikes.
Saturday, 26 September
- Trump rejects Iran’s seven-day ceasefire proposal; renewed bombing reportedly possible