Breaking
Posted 10 hours ago
Trump Rejects Iran Hormuz Reopening Plan; Oil Risk Rises
Trump rejected Iran's proposal to reopen the Strait of Hormuz and restart talks, intensifying Middle East tensions. Energy supply disruption to a critical chokepoint pressures crude prices higher, affecting CAD and energy-linked currencies. Oil volatility and US-China demand dynamics remain key trader monitors amid escalating diplomatic deadlock.
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37 minutes ago
Iran Rejects US Strait of Hormuz Reopening Proposal, Oil Rises
Iran proposed a seven-day reopening plan for the Strait of Hormuz that US President Trump rejected, prolonging closure of the critical waterway. Oil prices rose on supply uncertainty. Traders watch for further escalation or breakthrough talks; crude moves feed CAD through energy exposure.
https://www.bloomberg.com/news/articles/2026-09-27/latest-oil-market-news-and-analysis-for-sept-28Replies
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