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Brent crude jumps 2.5% after Trump rejects Iran peace proposal

hindustantimes.com — September 28, 2026 at 12:01 PM UTC

Brent crude oil jumped 2.5% to $106.92 a barrel on Monday after US President Donald Trump rejected an Iranian peace proposal, intensifying concerns over the Strait of Hormuz and global oil supply. West Texas Intermediate also rose 2.25% to $94.49. The rejection followed Iran's proposal sent through Qatari mediators at the UN General Assembly, with Trump confirming his refusal on Saturday while indicating more talks could occur this week. The Strait of Hormuz remains critical as a major oil shipping route, though September shipments have recovered to about 7.4 million barrels per day. Oil markets face multiple pressures, including a supply deficit, Middle East conflict risks, and tight diesel supplies. A potential US diesel export ban could raise European wholesale prices by about $3 per barrel weekly, with Goldman Sachs warning of global ripple effects across Europe, Latin America, and Asia.

With a significance score of 3.4, this news ranks in the top 9.9% of today's 33224 analyzed articles.

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[4.2]

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[4.1]

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[4.0]

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[4.0]

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[4.0]

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[3.9]

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[3.4]

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[2.2]

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[2.2]

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[2.1]

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[2.1]

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[2.1]

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[2.0]

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[1.9]

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[1.9]

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[1.9]

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[1.9]

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[1.9]

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[1.8]

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[1.8]

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[1.8]

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[1.8]

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[1.8]

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[1.8]

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[1.8]

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[1.8]

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[1.7]

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[1.7]

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[1.7]

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[1.7]

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[1.6]

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[1.6]

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[1.5]

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[1.5]

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[1.4]

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[1.4]

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[1.4]

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[1.4]

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[1.4]

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[1.4]

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[1.4]

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[1.4]

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[1.4]

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[1.4]

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[1.3]

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[1.3]

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[1.3]

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[1.3]

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[1.3]

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[1.3]

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[1.3]

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[1.3]

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[1.3]

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[1.3]

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[1.3]

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Link Source (Dutch)

[1.3]

Nikkei falls 1.2% as US yields hit 19-year high; KOSPI dips just 0.2% (invezz.com)

13h

Link Source (Swedish)

[1.2]

Asian shares mixed as oil prices rebound (abcnews.com)

1d 11h

[1.2]

Asian Stocks Slide as Oil Prices Rise on Hormuz Tensions (usnews.com)

13h

[1.2]

Indian Markets Extend Losing Streak as Sensex Falls 1,037 Points (timesnownews.com)

1d 12h

[1.2]

UK shares rise on homebuilder rally; metals cap gains (live.euronext.com)

1d 7h

[1.2]

Gold futures test key support and resistance levels (uk.investing.com)

1d 11h

[1.2]

Indian stock markets fall sharply as Sensex drops over 900 points (timesofindia.indiatimes.com)

1d 14h

[1.1]

UK housebuilders rally on first-time buyer scheme; miners drag FTSE lower (standard.co.uk)

1d 2h

[1.1]

Stock Market Live: GIFT Nifty signals weak open; Kospi falls 2%; Brent rises on US-Iran tension (business-standard.com)

1d 16h

[1.1]

Asian shares mixed as oil surge and Treasury yields weigh on markets (economictimes.indiatimes.com)

17h

[1.1]

Sensex recovers 500 points, Nifty reclaims 22,700 as value buying lifts markets (moneycontrol.com)

11h

[1.1]

Indian stocks fall as oil prices and foreign outflows weigh (thehindu.com)

13h

Link Source [$]

[1.1]

Asian shares mixed as oil prices climb (independent.co.uk)

1d 14h

[1.1]

Milan stocks flat; Amplifon, Stellantis, Eni lead gains (lagazzettadelmezzogiorno.it)

1d 6h

Link Source (Italian)

[1.1]

European markets rise on Wall Street gains; Milan up 0.37% (lagazzettadelmezzogiorno.it)

1d 3h

Link Source (Italian)

[1.1]

Gold and silver prices fall in India on Sept 29; check rates in Kochi, Chennai, Bengaluru, Delhi (english.mathrubhumi.com)

13h

[1.1]

Indian stocks fall as oil prices and US bond yields weigh (business-standard.com)

14h

[1.1]

Asian Shares Mixed as Oil Rebounds, Wall Street Gains (usnews.com)

1d 13h

[1.1]

Indian indices set for weak start as crude tops $106 on US-Iran tensions (moneycontrol.com)

1d 15h

[1.1]

Gold and silver slide as buyers await stable prices (economictimes.indiatimes.com)

18h

[1.1]

Indian shares fall sharply on weak global cues and crude spike (business-standard.com)

1d 14h

[1.1]

Sensex, Nifty fall over 1% as realty stocks slide (business-standard.com)

1d 13h

[1.1]

Indian shares fall 1.35% as PSU banks drop, crude oil rises (business-standard.com)

1d 12h

[1.0]

Indian shares pare losses; consumer durables slide for second day (business-standard.com)

12h

[1.0]

Indian stock markets fall 0.8% as Nifty drops below 22,600 (timesofindia.indiatimes.com)

12h

[1.0]

Indian markets fall as Nifty slips below 22,800; metals decline (business-standard.com)

1d 9h

[1.0]

Indian shares fall in early trade; Nifty near 22,650 (business-standard.com)

14h

[1.0]

Dow Dips, Nvidia Hits Buy Point; Chip Stocks Outperform, Oil Shares Lag (investors.com)

4h

[1.0]

Asian currencies mixed as dollar hits two-month high; RBA hike in focus (fr.investing.com)

15h

Link Source (French)

[1.0]

Nifty Drops Below 22,600 as Oil Tops $106; What SIP Investors Should Do (news18.com)

13h

[1.0]

US stocks mixed, Philly semi index rallies; August job openings fall 256,000 (setn.com)

2h

Link Source (Chinese)

[1.0]

Indian stocks fall 1% as crude rebound, FII selling weigh on Sensex, Nifty (moneycontrol.com)

1d 14h

[1.0]

Indian shares fall as IT stocks extend losing streak to eight days (business-standard.com)

9h

[1.0]

Indian stocks fall as bank shares drag Nifty below 23,000 (business-standard.com)

1d 11h

[1.0]

Indian shares fall; Nifty near 22,600 as media stocks slide (business-standard.com)

13h

[0.9]

Global market cues to watch for Indian trade on September 29 (moneycontrol.com)

15h

[0.9]

Sensex falls 512 points as realty stocks drag Indian markets (business-standard.com)

11h

[0.9]

Gold prices in India drop sharply; Chennai sees Rs 1,880 fall per sovereign (tamil.timesnownews.com)

1d 13h

Link Source (Tamil)

[0.9]

Kerala Gold Prices Hit Monthly Low as Rates Fall Sharply (malayalam.oneindia.com)

1d 14h

Link Source (Malayalam)

[0.9]

Asian stocks fall after Wall Street losses; oil climbs on Gulf tensions (news18.com)

13h

[0.9]

Gold Prices in India Fall Below ₹14,000 per Gram (tamil.news18.com)

1d 6h

Link Source (Tamil)

[0.9]

Gold and Silver Prices Drop, Creating Buying Opportunity for Indian Jewelry Buyers (tamil.news18.com)

1d 12h

Link Source (Tamil)

[0.9]

Gold Price in Chennai Drops ₹1,880 Per Sovereign to ₹110,120 (tamil.oneindia.com)

1d 14h

Link Source (Tamil)

[0.8]

Gold prices fall nearly 2% in India; check 24K, 22K, 18K rates in Delhi, Mumbai, Chennai (timesnownews.com)

1d 14h

[0.8]

Madurai Gold Rate Steady at ₹1.09 Lakh per Sovereign on September 29 (tamil.news18.com)

11h

Link Source (Tamil)

[0.8]

Gold Prices in India Fall Sharply on September 29 (tamil.news18.com)

14h

Link Source (Tamil)

[0.8]

Gold Prices Drop Sharply in India on September 28 (tamil.news18.com)

1d 14h

Link Source (Tamil)

[0.7]

Gold Prices Slip on September 29, 2026: Check 24K, 22K, 18K Rates in Delhi, Mumbai, Kolkata, Chennai (timesnownews.com)

14h

[0.7]

Indian shares open lower as global pressures weigh on markets (zeenews.india.com)

1d 12h