Brent rises as Trump rejects Iran’s Hormuz reopening bid
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Event Brief

Brent rises as Trump rejects Iran’s Hormuz reopening bid

Filed: Sep 24, 2026 at 8:14 PM ET
UPDATED Sep 28, 2026 at 2:03 AM ET
Summary: Brent crude gained 2.7% after Donald Trump rejected an Iranian proposal to reopen the Strait of Hormuz and restart U.S.-Iran negotiations within seven days. Iran’s offer was conditional on Tehran’s terms being accepted by the Trump administration.
WHO: Donald Trump
WHAT: Trump rejects Iran’s proposal to reopen the Strait of Hormuz and restart negotiations within seven days
WHEN: Sep 27, 2026 at 8:00 PM ET
WHERE: Location not specified
WHY: Cause not yet established.
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