Oil Prices Rise to $106 After Trump Rejects Iran Peace Proposal
Oil prices rose over 1% on September 28 after US President Donald Trump rejected an Iranian peace proposal aimed at resolving Middle East tensions and reopening the Strait of Hormuz. Brent crude futures increased to $106 per barrel, while US West Texas Intermediate crude rose to $93.40. Geopolitical risks remain high due to ongoing attacks by Iran-backed Houthis on Saudi Arabia.
ET Markets·3h ago




