{
  "id": 10362897,
  "title": "Oil prices spike after Trump rejects Iran truce offer",
  "url": "https://urgent.news/2026/09/28/oil-prices-spike-after-trump-rejects-iran-truce-offer",
  "topic": "world",
  "section": "World",
  "published": "2026-09-28T04:22:59.000Z",
  "source": {
    "name": "The Jakarta Post",
    "slug": "the-jakarta-post",
    "url": "https://www.thejakartapost.com/business/2026/09/28/oil-prices-spike-after-trump-rejects-iran-truce-offer.html"
  },
  "original_language": "en",
  "account": "Oil prices experienced a significant surge following Donald Trump's refusal to accept an Iranian offer of a seven-day truce, raising concerns about inflation and rattling stock markets. Iran proposed a cessation of hostilities, reopening the Strait of Hormuz, which would alleviate the global energy supply crisis and potentially reduce costs. However, Trump stated that he rejected the proposal and preferred a different approach to negotiations. Tehran insisted on specific conditions, including the release of frozen assets, elimination of sanctions on its oil, and the end of the US naval blockade. Oil prices initially fell more than two percent on Friday but rebounded at the start of the week, surpassing $106 a barrel per barrel, thereby reigniting inflation worries and negatively impacting stock markets. Several Asian stock exchanges, including Seoul, Tokyo, and Hong Kong, declined in value. Bond yields climbed to their highest level since 2007, signaling uncertainty ahead of the Federal Reserve's upcoming policy meeting. The market remains cautious, expecting Iran to eventually return to the negotiating table, even as tensions continue to escalate.",
  "summary": "Oil prices spiked with bond yields Monday as Donald Trump's rejection of an Iranian offer of a seven-day truce stoked inflation concerns, while stocks were mixed as traders look ahead to the release of key US data.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "Malay Mail",
        "title": "Oil prices spike after Trump rejects Iran truce offer",
        "url": "https://urgent.news/2026/09/28/oil-prices-spike-after-trump-rejects-iran-truce-offer-10364941",
        "published": "2026-09-28T04:45:40.000Z"
      },
      {
        "outlet": "Free Press Journal",
        "title": "Crude Oil Prices Rise Over 2.5% After Trump Rejects Iran Strait Of Hormuz Proposal",
        "url": "https://urgent.news/2026/09/28/crude-oil-prices-rise-over-2-5-after-trump-rejects-iran-strait-of",
        "published": "2026-09-28T05:15:08.000Z"
      },
      {
        "outlet": "Ajel English",
        "title": "Trump claims Iranian nuclear arsenal destroyed, says oil prices lower",
        "url": "https://urgent.news/2026/09/28/trump-claims-iranian-nuclear-arsenal-destroyed-says-oil-prices-lower",
        "published": "2026-09-28T05:28:36.000Z"
      },
      {
        "outlet": "Euronews",
        "title": "Oil prices jump after Trump rejects Iran’s truce offer",
        "url": "https://urgent.news/2026/09/28/oil-prices-jump-after-trump-rejects-irans-truce-offer",
        "published": "2026-09-28T05:46:33.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}