Iran Says Won’t Soften Demands as Trump Rejects Hormuz Offer

Bloomberg Markets Monday 28 September 2026, 04:45 UTC 1 min read

Key Points

Iran stuck to its seven-day proposal for reopening the crucial Strait of Hormuz, saying it won’t soften its conditions, while President Donald Trump sent mixed signals about his willingness to reach a deal.

Iran (LOCATION) Trump Rejects Hormuz (ORG) Strait (LOCATION) Hormuz (LOCATION) Donald Trump (PERSON) Bloomberg (PERSON)

Originally published by Bloomberg Markets Read original →

Oil prices rose while stocks and bonds fell after US President Donald Trump rejected Iran’s latest proposal to reopen the Strait of Hormuz, reversing some of the optimism that lifted markets late last week. Oil prices jumped more than 3%, with the international benchmark Brent trading above $107 a barrel early Monday morning in Europe, reflecting renewed concerns about a supply crisis that has pushed up costs worldwide. This came after US President Donald Trump rejected an Iranian offer of a...

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Iran Says Won’t Soften Demands as Trump Rejects Hormuz Offer

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