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Iran Rejects US Ceasefire, Oil Prices Rise

3/26/2026

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Story summary
  • March 26, 2026, Asia-Pacific markets showed mixed results after Iran refused direct talks with the United States.
  • Iranian Foreign Minister Abbas Araghchi said exchanges via mediators do not amount to negotiations.
  • Iran plans to reject a United States ceasefire proposal and has set conditions for ending the war.
  • Oil prices rose, with Brent at $103.46 per barrel and West Texas Intermediate at $91.54 per barrel, up about 1.2–1.4%.