Oil rebounds after Trump rejects Iran peace deal
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FILE PHOTO: Oil tanker Al Shaffiah sails at the sea near the Omani coast, as seen from Musandam, Oman, June 26, 2026. REUTERS/Stringer/File Photo
SINGAPORE, Sept 28 (Reuters) - Oil prices rebounded more than 1% on Monday after US President Donald Trump rejected a peace deal from Iran to resolve their conflict and reopen the Strait of Hormuz.
Brent crude futures rose $1.82, or 1.74%, to $106.14 a barrel by 2202 GMT while US West Texas Intermediate crude was at $93.55 a barrel, up $1.14, or 1.23%.
(Reporting by Florence Tan)
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