Monday, 28 September 2026Updated 12m ago
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Market move▼ Bearish for Indian equities

Oil gains over 1% as Trump rejects Iranian proposal to reopen Hormuz Strait

1 source · first seen 05:28 28 Sept · updated 05:28 28 Sept

The brief

Written from 1 report · check the source before you trade
  • 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

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Crude oil66 todayDonald Trump38 todayIran49 todayStrait of Hormuz11 todayGeopolitics76 today

Linked by the tag Strait of Hormuz

49 stories this week
  1. 28 Sept‘They were asking for everything up front:’ US Ambassador to UN Mike Waltz explains why Trump rejected Iran's proposal1 source · Iran sought sanctions relief in exchange for reopening the Strait of Hormuz
  2. 28 SeptHormuz Tensions: Iran Hits Back At US Over Strait Control, Points To Oil Price Premium1 source · Iran proposed a seven-day plan to reopen the Strait of Hormuz; Trump rejected Tehran's conditions
  3. 28 SeptGold Declines As Hormuz Impasse Keeps Rate-Hike Bets ElevatedMarket move · 1 source · Oil rose after Iran refused to soften its conditions for reopening the Strait of Hormuz
  4. 28 SeptOil prices climb as Iran holds firm on Hormuz terms and Trump rejects proposalMarket move · 2 sources
  5. 28 SeptOil rises as Iran holds to Strait of Hormuz proposal rejected by TrumpMarket move · 2 sources · Oil rose as Iran stuck to its seven-day proposal to reopen the Strait of Hormuz
All Strait of Hormuz stories →

Read the reports

1 report · earliest 05:28
CNBCOil gains over 1% as Trump rejects Iranian proposal to reopen Hormuz Strait05:28