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Oil Rises by More Than 1% After Trump Rejects Iranian Proposal

Bethlehem - Afaq News - Oil prices rose by more than 1% on Monday, driven by ongoing tensions in the Middle East following U.S. President Donald Trump's rejection of an Iranian proposal to end the conflict and reopen the Strait of Hormuz. Brent crude rose to $105.64 per barrel, while West Texas Intermediate reached $93.11.

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Monday, 28 September 2026 at 09:58·1 minute read

Oil Rises by More Than 1% After Trump Rejects Iranian Proposal

Brent crude climbed to $105.64 per barrel, while West Texas Intermediate crude reached $93.11, as Trump mentioned the possibility of resuming talks with Iran during the current week.

Source: Ma'an News Agency

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