Trump Rejects Iran's 7-Day Hormuz Plan, Oil Prices Fall Again
President Trump has rejected Iran's proposal to reopen the Strait of Hormuz within a week, sending oil prices lower.
Read the full story → · Latest coverage 26 Sept 2026, 7:31 pm UTC
Key moments · 13
Oil prices fall below $100 on US-Iran talks hopes
Economic Times Business & Economy ↗Iran proposes conditions for reopening Strait of Hormuz
CNBC International ↗Strait of Hormuz traffic drops well below normal levels
Middle East Eye ↗Record surge in oil tanker costs as shipping disrupted
Financial Times ↗Asia set to import most crude since conflict began
CNBC International ↗Gulf nations keep oil flowing but costs rise
South China Morning Post ↗Strait of Hormuz sees 60 ships transit in single day
Arab News ↗Iran presents new proposal to reopen Hormuz
Washington Post World ↗Oil prices react to Houthi attacks and peace hopes
Breaking News on Seeking Alpha Business & Economy ↗US and Iran discuss phased deal at UN
Japan Times ↗Iran offers US a seven-day deal to reopen Hormuz
BBC News ↗Trump rejects Iran's seven-day ceasefire and Hormuz plan
Daily Mail ↗Oil prices drop over 2 percent as talks fail
Times of India ↗




















