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Trump Rejects Iran’s Seven-Day Hormuz Reopening Proposal

By Drooid · · How we work

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Brent crude spikes
  • U.S. President Donald Trump rejected Iran's proposal to reopen the Strait of Hormuz within seven days, telling reporters on September 26, 2026.
  • The refusal sparked global energy price spikes and heightened risks for civilian shipping and workers dependent on the waterway.
  • Iranian media reported explosions and missile drone attacks on vessels in Strait after the rejection.
  • Brent crude futures rose 3% to $107 per barrel after dismissal of the Iranian offer.
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