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News · ▲ Bullish · 1 source confirmed · 2026-09-26 14:08 UTC

BREAKING: President Trump officially announces that he has rejected Iran's proposal for a 7-day ceasefire to restart negotiations. This proposal would have reopened the Strait of Hormuz, with both the US and Iran lifting their blockade. "I reject their proposal," Trump said.

Why now

Thesis: No ceasefire keeps oil risk elevated

Catalyst to watch: New negotiation round

Main risk: Sudden diplomatic breakthrough

Why it matters

Rejecting the ceasefire and Hormuz reopening sustains oil supply-risk premium.

Details

BREAKING: President Trump officially announces that he has rejected Iran's proposal for a 7-day ceasefire to restart negotiations. This proposal would have reopened the Strait of Hormuz, with both the US and Iran lifting their blockade. "I reject their proposal," Trump said.

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