The Business Times
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Oil rebounds after Trump rejects Iran peace deal

 Teheran insists on a diplomatic solution

Summarise
Published Mon, Sep 28, 2026 · 06:29 AM
    • Brent crude futures rose US$1.82, or 1.74 per cent, to US$106.14 a barrel by 2202 GMT.
    • Brent crude futures rose US$1.82, or 1.74 per cent, to US$106.14 a barrel by 2202 GMT. PHOTO: REUTERS

    [SINGAPORE] Oil prices rebounded more than 1 per cent on Monday (Sep 28) 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 US$1.82, or 1.74 per cent, to US$106.14 a barrel by 2202 GMT while US West Texas Intermediate crude was at US$93.55 a barrel, up US$1.14, or 1.23 per cent. REUTERS

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