https://www.live-feeds.com/feed/brent-crude-tops-108-as-trump-rejects-iranian-proposal-to-reopen-hormuz-straitContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/brent-crude-tops-108-as-trump-rejects-iranian-proposal-to-reopen-hormuz-straithttps://www.live-feeds.com/feed/brent-crude-tops-108-as-trump-rejects-iranian-proposal-to-reopen-hormuz-strait#u89936Wed, 30 Sep 2026 07:05:17 +0000Brent crude climbed past $108 a barrel after United States President Donald Trump dismissed an Iranian proposal to end the conflict and reopen the strategic Strait of Hormuz. The rejection sparked a global surge in energy costs, driving oil prices up by more than 4 percent. Equity markets reacted negatively to the renewed geopolitical impasse, dragging down major indexes including the Dow Jones Industrial Average and pushing Treasury yields higher.Why it mattersThe Strait of Hormuz remains a vital choke point for global oil transport, and the ongoing closure exacerbates energy supply pressures