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More US Strikes On Iran? Trump Hints 'It's Possible'; Tehran Says Fully Prepared For 'Doomsday' War
The brief
- Trump said the US could end the Iran conflict soon, after which oil prices would fall sharply
- He did not rule out renewed US strikes before the midterms
- Oil-price swings expose Indian oil marketers, refiners and airlines to fuel-cost uncertainty
- Gold slips below ₹1.50 lakh on US-Iran impasse; silver tumbles too
- Brent crude rises above $106 as Trump rejects Iran’s proposal
- Markets open lower as crude surge, FII selling and geopolitical jitters weigh on sentiment
- Indian central bank likely shielding rupee as US-Iran impasses lifts oil prices, traders say
- Bitcoin, Nasdaq futures decline as Trump won’t rule out more Iran strikes
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.
Monday, 28 September
- More US Strikes On Iran? Trump Hints 'It's Possible'; Tehran Says Fully Prepared For 'Doomsday' War