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Trump Rejects Iran’s Strait of Hormuz Reopening Proposal

By Drooid · Sep 29, 2026, 2:47 AM UTC · How we work

Summary

Trump Rejects Hormuz Proposal

U.S. President Donald Trump rejected Iran's proposal to reopen the Strait of Hormuz on Sep 28.
Gold settled at $4,153 per ounce in London, down 9.1% this month.
Brent crude topped $108 per barrel after Iran vowed to clear the Arabian Sea.
CME FedWatch showed over two-thirds odds of a Federal Reserve rate hike in October.

Summary

AMD Acquires World Labs

Nvidia’s board approved an additional $150 billion buyback, lifting its shares 1.7%.
Fuel costs surged, sending American Airlines down 2.5% and United Airlines down 2.2%.
Newmont dropped 4.4% because higher Treasury yields weakened gold prices.
SoftBank secured a record $11.1 billion junk-bond issuance to fund AI investments.
AMD announced an $8.2 billion stock deal to acquire AI startup World Labs founded by Fei-Fei Li.

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Trump Rejects Hormuz Proposal

U.S. President Donald Trump rejected Iran's proposal to reopen the Strait of Hormuz on Sep 28.
Gold settled at $4,153 per ounce in London, down 9.1% this month.
Brent crude topped $108 per barrel after Iran vowed to clear the Arabian Sea.
CME FedWatch showed over two-thirds odds of a Federal Reserve rate hike in October.

1 / 2