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Oil Price Today (September 28): Crude oil gains to $106 as Trump rejects Iran deal. Where are prices headed?

1 source · first seen 07:42 28 Sept · updated 07:42 28 Sept

The brief

Written from 1 report · check the source before you trade
  • 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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Crude oil63 todayIran49 todayGeopolitics74 todayDonald Trump36 today

Linked by the tag Iran

147 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 SeptStock Market LIVE: GIFT Nifty signals tepid open; Kospi down 2%; Brent rises on US-Iran tensionMarket move · 2 sources · GIFT Nifty signalled a tepid open; Kospi fell 2% and Brent rose
  4. 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
  5. 28 SeptMore US Strikes On Iran? Trump Hints 'It's Possible'; Tehran Says Fully Prepared For 'Doomsday' War1 source · Trump said the US could end the Iran conflict soon, after which oil prices would fall sharply
All Iran stories →

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1 report · earliest 07:42
Economic TimesOil Price Today (September 28): Crude oil gains to $106 as Trump rejects Iran deal. Where are prices headed?07:42