BusinessOil Prices Surge After Trump Rejects Iran Truce Offer
Oil prices and bond yields surged on September 28, 2026, after Donald Trump rejected Iran's seven-day truce proposal aimed at reopening the Strait of Hormuz. The truce, proposed at the UN General Assembly, sought to ease a global energy supply crisis worsened by regional conflicts, including Houthi control of Yemen's Red Sea coast. Trump said negotiations may resume but rejected the current deal offer.
Hindu Business·3h ago