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Hormuz Tensions: Iran Hits Back At US Over Strait Control, Points To Oil Price Premium
The brief
- Iran proposed a seven-day plan to reopen the Strait of Hormuz; Trump rejected Tehran's conditions
- Oil prices remain elevated amid tensions over control of the strait
- Elevated crude prices raise input-cost risks for Indian oil marketing companies and airlines
- Petrol, diesel prices today, September 28: How much does fuel cost in Delhi, Mumbai, Bengaluru?
- Crude Oil Prices Rise 1% After Trump Rejects Iran Peace Proposal; Brent Near $98, Hormuz In Focus
- Oil gains over 1% as Trump rejects Iranian proposal to reopen Hormuz Strait
- Donald Trump Expects More US-Iran Talks This Week: Reports
- Europe braces for LNG tug of war with Asia
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
- Hormuz Tensions: Iran Hits Back At US Over Strait Control, Points To Oil Price Premium