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Oil Prices Rise Again: Trump rejects Iran proposal; markets stay volatile

On Monday, oil prices surged, driven by escalating tensions in the Middle East following Iran's recent peace proposal. U.S. President Trump's dismissal of

TOI BusinessSeptember 28, 20261 min read
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Oil Prices Rise Again: Trump rejects Iran proposal; markets stay volatile

On Monday, oil prices surged, driven by escalating tensions in the Middle East following Iran's recent peace proposal. U.S. President Trump's dismissal of the proposal has contributed to market volatility. Both Brent crude and U.S. West Texas Intermediate saw price increases, although worries over diesel exports continue to shape market sentiment.

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