{
  "id": 10375920,
  "title": "Oil prices spike after Trump rejects Iran proposal",
  "url": "https://urgent.news/2026/09/28/oil-prices-spike-after-trump-rejects-iran-proposal",
  "topic": "world",
  "section": "World",
  "published": "2026-09-28T05:50:28.000Z",
  "source": {
    "name": "Middle East Eye",
    "slug": "middle-east-eye",
    "url": "https://www.middleeasteye.net/live-blog/live-blog-update/oil-prices-spike-after-trump-rejects-iran-proposal"
  },
  "original_language": "en",
  "account": null,
  "summary": "Oil prices spiked on Monday after US President Donald Trump rejected an Iranian proposal for a seven-day truce. According to Middle East Eye and Euronews, Brent crude rose above $106 and $107 a barrel respectively. The proposal, made at the UN General Assembly, aimed to reopen the Strait of Hormuz, a crucial waterway for global energy supplies.\n\nIran's proposal included conditions such as the release of frozen assets, the lifting of sanctions on its oil, and an end to the US naval blockade, as reported by Euronews and Free Press Journal. Trump rejected the proposal, saying Iran had \"overplayed their hand\", but told Axios that negotiations could resume, and that he expected them to.\n\nThe rejection of the proposal and concerns about a supply crisis pushed up oil prices, with Brent crude rising more than 2.5% to over $107 a barrel, according to Free Press Journal and Malay Mail. Trump also mentioned that Iran wants to make a deal, but it's not the deal he wants to make, and that it is what they would have maybe agreed to a year ago.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 6,
    "also_reported_by": [
      {
        "outlet": "The Jakarta Post",
        "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",
        "published": "2026-09-28T04:22:59.000Z"
      },
      {
        "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."
}