{
  "id": 10446075,
  "title": "Wall Street futures drop as oil spikes after Trump rejects Iran peace proposal",
  "url": "https://urgent.news/2026/09/28/wall-street-futures-drop-as-oil-spikes-after-trump-rejects-iran-peace-10446075",
  "topic": "world",
  "section": "World",
  "published": "2026-09-28T12:08:17.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/09/28/wall-st-futures-drop-as-oil-spikes-after-trump-rejects-iran-peace-proposal"
  },
  "original_language": "en",
  "account": "US stock index futures fell on Monday after President Donald Trump rejected an Iranian peace proposal, causing crude prices to surge and reigniting inflation concerns. Iran proposed peace at the UN General Assembly, relayed to the US through Qatari mediators. Trump stated on Saturday that he had rejected the offer, but later said on Sunday that he expects US negotiators to continue talks that week. Mohit Kumar, an economist at Jefferies, noted that Iran's overplay of its hand suggests the main issues of contention remain Iran's control of the Strait and the ongoing nuclear program. Crude prices surged 4% to about US$108-a-barrel, and the 60-day correlation between oil prices and Wall Street futures reached its highest level since late May, indicating heightened sensitivity to macro factors, such as the potential economic and inflationary effects of a protracted conflict. Some precious metal miners suffered significant declines as high yields pressured their non-yielding assets. Dow E-minis slipped 0.48%, S&P 500 E-minis fell 0.45%, and Nasdaq 100 E-minis declined 0.86%.",
  "summary": "Crude oil prices jumped 4% to around US$108 a barrel.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 8,
    "also_reported_by": [
      {
        "outlet": "Al Jazeera",
        "title": "Oil prices surge after Trump rejects Iran’s plan to reopen Strait of Hormuz",
        "url": "https://urgent.news/2026/09/28/oil-prices-surge-after-trump-rejects-irans-plan-to-reopen-strait-of",
        "published": "2026-09-28T09:17:29.000Z"
      },
      {
        "outlet": "The Guardian US",
        "title": "Iran says it ‘has no plans to negotiate with US’ despite Trump claims – US politics live",
        "url": "https://urgent.news/2026/09/28/iran-says-it-has-no-plans-to-negotiate-with-us-despite-trump-claims",
        "published": "2026-09-28T10:37:44.000Z"
      },
      {
        "outlet": "Hindustan Times - World News",
        "title": "Why is oil price rising? Brent jumps 2.5% after Trump rejects Iran peace proposal",
        "url": "https://urgent.news/2026/09/28/why-is-oil-price-rising-brent-jumps-2-5-after-trump-rejects-iran",
        "published": "2026-09-28T11:32:06.000Z"
      },
      {
        "outlet": "The Hill",
        "title": "Trump expects more talks after rejecting latest Iranian proposal",
        "url": "https://urgent.news/2026/09/28/trump-expects-more-talks-after-rejecting-latest-iranian-proposal",
        "published": "2026-09-28T11:58:40.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Wall Street futures drop as oil spikes after Trump rejects Iran peace proposal",
        "url": "https://urgent.news/2026/09/28/wall-street-futures-drop-as-oil-spikes-after-trump-rejects-iran-peace",
        "published": "2026-09-28T12:08:17.000Z"
      },
      {
        "outlet": "Daily Times",
        "title": "Iran condemns Trump’s ‘annihilate’ threats at UN",
        "url": "https://urgent.news/2026/09/28/iran-condemns-trumps-annihilate-threats-at-un",
        "published": "2026-09-28T13:20:02.000Z"
      },
      {
        "outlet": "Al-Monitor",
        "title": "Iran rejects suggestion it is linked to UK airbase arrests",
        "url": "https://urgent.news/2026/09/28/iran-rejects-suggestion-it-is-linked-to-uk-airbase-arrests",
        "published": "2026-09-28T13:46:34.000Z"
      }
    ]
  },
  "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."
}