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- INTEREST37.00%-1.00
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- October 17, 202613°
- BIST10011,722-2.89%
- USD49.45+0.05%
- EUR55.62+0.37%
- GOLD4,181.10+0.26%
- INTEREST37.00%-1.00
- BITCOIN81,509+0.01%
- October 17, 202613°
Brent crude tops $107 after Trump rejects Iran’s plan to reopen Hormuz
Oil prices climbed on Monday, with Brent crude rising 2.9% to $107.34 a barrel, after President Donald Trump rejected Iran’s latest proposal to reopen the Strait of Hormuz, raising fears of further delays to oil flows.
Brent crude, the international benchmark, gained 2.9% to $107.34 a barrel on Monday after President Donald Trump rejected Iran’s latest proposal to reopen the Strait of Hormuz.
Iranian Foreign Minister Abbas Araghchi had said the strait could reopen at the end of seven days if conditions were met, including an end to attacks on Iran, the release of frozen Iranian assets and permission for Iranian oil sales.
Trump said Tehran had overplayed its hand but that he expects talks to resume this week, while Iran said it would not soften its demands — leaving markets bracing for a longer disruption of oil shipments through the waterway.
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