Signal Desk · Markets

Oil prices rise as Trump rejects Iran deal

2026-09-28 · 2 sources · Economic Times Markets

In short

Brent crude and US oil prices rose on September 28 after Trump rejected an Iran deal. One report put Brent at $106 a barrel and WTI at $93.40; another said Brent was $105.64 and WTI was $93.11.

The move matters because it can affect fuel costs and energy markets. The reports do not say how long the rise will last or what happens next.

What the reporting says

Brent crude and US West Texas Intermediate rose on September 28 after Trump rejected an Iran deal, with Brent at $106 a barrel in one summary and $105.64 in another, while WTI was quoted at $93.40 or $93.11. The reports did not provide a fuller explanation for the move. The immediate focus is whether prices keep climbing, but the next catalyst is not stated in the available reporting.

Why it matters

Brent crude and US West Texas Intermediate rose on September 28 after Trump rejected an Iran deal, according to publisher summaries. Brent was reported at either $106 or $105.64 a barrel, while WTI was at $93.40 or $93.11. The reports point to a market reaction but do not give a fuller cause, timeline, or confirmation of the next move.

Touches: Energy, Oil, Commodities, Global, Markets

Sources