{
  "id": 10435547,
  "title": "Energy markets spike as Trump rebuffs Iran truce, US yields rise on inflation fears",
  "url": "https://urgent.news/2026/09/28/energy-markets-spike-as-trump-rebuffs-iran-truce-us-yields-rise-on",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-28T11:59:37.000Z",
  "source": {
    "name": "Malay Mail",
    "slug": "malay-mail-malaymail",
    "url": "https://www.malaymail.com/news/money/2026/09/28/energy-markets-spike-as-trump-rebuffs-iran-truce-us-yields-rise-on-inflation-fears/236916"
  },
  "original_language": "en",
  "account": "Oil and gas prices experienced significant increases on September 28, following US President Donald Trump's rejection of Iran’s proposal for a seven-day truce. Brent North Sea Crude oil rose 4.1% to $108.65 per barrel, while West Texas Intermediate crude climbed 4.2% to $96.31 per barrel. European stock markets steadied in midday trading, with European natural gas prices benefiting from market uncertainty over the ongoing conflict. The UK's average diesel prices hit a record high of £2 (RM10.83) per litre, driven by inflation concerns. Meanwhile, gold prices declined as the stronger dollar made the precious metal more expensive for non-dollar investors. Iran proposed a ceasefire plan at the United Nations General Assembly, aiming to reopen the Strait of Hormuz, which is crucial to global energy supplies.",
  "summary": "LONDON, Sept 28 — Oil futures surged more than four per cent today, alongside gains for natural gas and diesel pri...",
  "key_points": [
    "US President Trump rejects Iran's seven-day truce proposal",
    "Brent North Sea Crude oil rises 4.1% to $108.65 per barrel",
    "UK diesel prices hit record high of £2 per litre due to inflation"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Indian Express",
        "title": "Markets fall 1.6% as Trump rejects West Asia ceasefire proposal, crude soars",
        "url": "https://urgent.news/2026/09/28/markets-fall-1-6-as-trump-rejects-west-asia-ceasefire-proposal-crude",
        "published": "2026-09-28T13:57:56.000Z"
      }
    ]
  },
  "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."
}