Oil prices climbed more than 1% following U.S. President Donald Trump's rejection of an Iranian peace proposal aimed at ending Middle East conflict and reopening the Strait of Hormuz. Trump indicated that U.S. military strikes on Iran may resume after the November midterm elections. Iran had offered to reopen the shipping route and restart nuclear talks if certain U.S. conditions were met, but Trump declined the offer. This development raises geopolitical tensions and could keep oil prices elevated in the near term.
Oil prices rose over 1% after Trump rejected Iran's proposal to reopen the Strait of Hormuz. For readers following energy stocks, here is Pluang's market snapshot as of Sep 28, 2026 07:11 WIB: out of 38 priced Energy-sector US stocks, 5 rose and 33 fell. Notable movers include LEU at USD 147.07 (-2.80%), WMB at USD 69.26 (-2.60%), and ENB at USD 46.74 (-2.32%).
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