Brent gains 2.7% as Trump rejects Iranian proposal to reopen Hormuz Strait
Why now
Thesis: Trump rejection keeps Hormuz risk premium intact
Catalyst to watch: Further US-Iran negotiations or escalation
Main risk: Reopening deal collapses the premium
Why it matters
Rejection of an Iranian proposal to reopen Hormuz keeps supply risk elevated, supporting crude prices.
Sources
- googlenews · news.google.com · 2026-09-27 23:58 UTC