Oil prices jump as Trump rejects Iran's truce offer

fr.euronews.com (French) —

Oil prices surged over 3% with Brent exceeding $107 a barrel on Monday after President Donald Trump rejected Iran's seven-day truce offer, intensifying supply concerns and inflation fears that roiled global markets. Trump dismissed the proposal made at the UN General Assembly, which would have reopened the strategic Strait of Hormuz, while hinting at possible renewed talks. Asian stocks fell, with South Korea's Kospi dropping 2.3%, as inflation worries pressured bonds and lifted Treasury yields near 2007 highs. The crisis stems from Iran's conditions for reopening the strait, including sanctions relief and asset release. Red Sea shipping risks also rose after Houthi territorial gains, while markets now eye the Federal Reserve's late-October meeting, with over 65% odds of another rate hike.


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