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Market move▼ Bearish for Indian equities

Crude Oil Prices Rise 1% After Trump Rejects Iran Peace Proposal; Brent Near $98, Hormuz In Focus

1 source · first seen 06:19 28 Sept · updated 07:02 28 Sept

The brief

Written from 2 reports · check the source before you trade
  • 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

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Crude oil63 todayDonald Trump36 todayIran49 todayStrait of Hormuz11 todayGeopolitics74 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

2 reports · earliest 06:19
NDTV ProfitBrent Crude Oil Prices Rise 1% After Trump Rejects Iran Peace Proposal; Brent Near $98, Hormuz In Focus06:19NDTV ProfitCrude Oil Prices Rise 1% After Trump Rejects Iran Peace Proposal; Brent Near $98, Hormuz In Focus07:02