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Oil gains over 1% as Trump rejects Iranian proposal to reopen Hormuz Strait

Oil prices jumped on Monday after U.S. President Donald Trump rejected an Iranian peace proposal aimed at ending the conflict.

Oil gains over 1% as Trump rejects Iranian proposal to reopen Hormuz Strait

Published September 27, 2026 · Category: Finance

Overview

Oil prices jumped on Monday after U.S. President Donald Trump rejected an Iranian peace proposal aimed at ending the conflict.

Source

Originally published at www.cnbc.com.

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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.