Trump Rejects Iran's Proposal, Stimulating Oil Price Increase
Sep 28, 2026 10:04:44
After U.S. President Trump rejected Iran's proposal to reopen the Strait of Hormuz, oil prices in Asia rose, intensifying inflation concerns. U.S. Treasury bonds resumed selling, with the two-year Treasury yield rising 5 basis points to 4.9% and the ten-year yield rising 4 basis points to 5.2%.