{
  "id": 10393086,
  "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-10393086",
  "topic": "world",
  "section": "World",
  "published": "2026-09-28T07:42:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "url": "https://www.koreatimes.co.kr/world/20260928/oil-prices-spike-after-trump-rejects-iran-truce-offer"
  },
  "original_language": "en",
  "account": "Oil prices soared and bond yields rose on Monday after Donald Trump refused an Iranian proposal of a seven-day truce, igniting worries about rising inflation. Meanwhile, stocks fluctuated as investors awaited crucial U.S. economic data. Tehran recently presented a plan at the UN General Assembly for a cessation of hostilities, which would reopen the Strait of Hormuz and alleviate a severe energy shortage driving up costs globally. The strait is critical to the world's energy supply and is now at the heart of tensions between the U.S. and Iran, especially as Yemeni Houthis control the entire Red Sea coast, including the Bab al-Mandab Strait, a crucial shipping route.\n\nDespite Iran's offer, the U.S. president declared on the White House grounds, \"I reject their proposal.\" However, Trump told Axios, \"They want to make a deal, but it is not the deal that I want to make. It is what we would have maybe agreed to a year ago.\" He added, \"They overplayed their hand.\" Sources close to the matter reported this sentiment to Axios.",
  "summary": "HONG KONG — 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. Tehran last week set out a plan at the UN General Assembly for a halt in hostilities that would see the Strait of Hormuz reopened, which would ease a crippling supply…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 10,
    "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"
      },
      {
        "outlet": "Middle East Eye",
        "title": "Oil prices spike after Trump rejects Iran proposal",
        "url": "https://urgent.news/2026/09/28/oil-prices-spike-after-trump-rejects-iran-proposal",
        "published": "2026-09-28T05:50:28.000Z"
      },
      {
        "outlet": "IOL",
        "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-10395857",
        "published": "2026-09-28T07:58:00.000Z"
      },
      {
        "outlet": "The Korea Times",
        "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-10396701",
        "published": "2026-09-28T08:07:02.000Z"
      },
      {
        "outlet": "Punch Nigeria",
        "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-10400976",
        "published": "2026-09-28T08:34:53.000Z"
      }
    ]
  },
  "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."
}