Iran unveiled a plan to end hostilities and restart the Strait of Hormuz last week at the UN, which may boost the country's oil supply.
Trump, but, rebuffed the idea by stating that Iran "want to reach an agreement, but it's not the bargain I want to make. "
Oil prices dropped following the Iranian supply, but Trump's rejection of the supply on Monday ( 28. 09. 2026 ) caused a correction.
The reference point for the world market research for the North Sea's current fuel price increased 3. 1 % to$ 107. 51 per cylinder.
West Texas Intermediate, its U. S. relative, increased 2. 1 % to$ 94. 32 per barrel.
Iran has frequently blocked the flow of oils from the Gulf states to Morocco since the start of the Middle East war, with the problems on the United States and Israel in overdue February.
The pro-Iran Houthis in Yemen, which block the Bab el-Mandeb Strait, which prevent the fuel from coming from Saudi Arabia, have made things worse.
Don’t let the algorithm hide the news. If you trust this site for reliable information, please take a moment to select us as your preferred source on Google: click here and mark the box or press the DW.com button to always see our verified news in your preferences.
