Dual chokepoint: Oil surges as Trump rejects Iran deal, Murban jumps 3%
Oil prices climbed on Tuesday (Sept. 29, 2026) as President Donald Trump’s rejection of an Iranian proposal to reopen the Strait of Hormuz kept supply risks elevated, with Brent up 1.4% near $106.80 and U.S. WTI gaining 1% around $93.50 as of morning Asian trade (10.19am, Beijing time). Abu Dhabi’s Murban crude led gains, rising 3.4% to $116.90, reflecting tighter Gulf supplies and higher freight…
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