Oil jumps amid US-Iran tensions; WTI later weakens as talks continue
One market post said oil rose about 4% after Trump rejected Iran’s ceasefire terms, with Brent near $108. A later post relayed Al Hadath’s report, citing sources, that Iran had agreed to halt uranium enrichment in exchange for eased US sanctions; it also noted weaker WTI and stronger US stock indexes.
TLDR
On September 28, one market post linked an oil jump of about 4% to Trump’s rejection of Iran’s ceasefire terms. It put Brent near $108, WTI around $96 and the 10-year Treasury yield toward 5.24%, with US stock futures lower. A later post relayed an official’s comments to Al Jazeera that discussions were continuing through intermediaries but any agreement would need to address the nuclear issue. It also shared Al Hadath’s source-based report that Iran had agreed to halt uranium enrichment in exchange for eased US sanctions, and noted that WTI weakened while US stock indexes strengthened.
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