Oil prices jump as US reportedly rejects Iran’s latest offer
Marc to Market says oil prices rose despite reports of increased flows. It reports that the US rejected Iran’s latest offer and appeared to be moving more forces into the region.
TLDR
Marc to Market says oil prices jumped despite reports of increased flows, and links higher oil prices to higher rates and a stronger dollar. Separately, a post says US Central Command denied Iran’s claim to control the Strait of Hormuz and said more than 1 billion barrels of non-Iranian oil had been safely exported through it in the months leading up to September 28, 2026.
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