{
  "id": 10396701,
  "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",
  "topic": "world",
  "section": "World",
  "published": "2026-09-28T08:07:02.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times",
    "url": "https://www.koreatimes.co.kr/world/20260928/oil-prices-spike-after-trump-rejects-iran-truce-offer"
  },
  "original_language": "en",
  "account": "Oil prices experienced a significant surge and bond yields rose on Monday following President Donald Trump's decision to reject an Iranian offer for a seven-day truce. The move has raised concerns about potential inflation and spurred mixed reactions in the stock market as traders prepare for the release of crucial US economic data. Iran had proposed a ceasefire plan at the United Nations General Assembly, aiming to reopen the Strait of Hormuz and alleviate a global energy supply crisis. The waterway is vital to the world's energy trade and has become a focal point of the ongoing US-Iran conflict, particularly with the Houthis seizing control of Yemen's Red Sea coast and the Bab al-Mandab Strait, a critical shipping lane. Despite rejecting the Iranian proposal, Trump indicated a willingness to resume negotiations, stating that the deal offered by Iran was not the one he would have agreed to a year ago. He also described Iran's actions as overplaying their hand in the interview published on Sunday.",
  "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": "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-10393086",
        "published": "2026-09-28T07:42:03.000Z"
      },
      {
        "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": "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."
}