Macro Finance
Iran Says Won’t Soften Demands as Trump Rejects Hormuz Offer
Bloomberg Markets·September 28, 2026·1 min read
Iran said it will not soften its seven-day proposal for reopening the Strait of Hormuz, while President Donald Trump sent mixed signals on reaching a deal. The standoff keeps oil markets on edge, with the strait handling about a fifth of global oil supply. Trump rejected Iran's latest offer, and tensions remain high as both sides hold firm.
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