Oil rebounds after Trump rejects Iran peace deal
Teheran insists on a diplomatic solution
Oil prices surged more than 1% on Monday, September 28, following US President Donald Trump's rejection of a peace deal proposed by Iran to end their ongoing conflict and re-open the Strait of Hormuz. The price of Brent crude futures increased by US$1.82, or 1.74%, to US$106.14 a barrel, while US West Texas Intermediate crude rose by US$1.14, or 1.23%, to US$93.55 a barrel.
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