Oil prices surge after Trump rejects Iran’s plan to reopen Strait of Hormuz
Brent crude rises more than 3 percent to top $107 a barrel as Washington dismisses Tehran’s proposal to end war.

Brent crude rises more than 3 percent to top $107 a barrel as Washington dismisses Tehran’s proposal to end war.








There are fears of renewed fighting between the US and Iran, after President Trump rejected a deal.
Experts say Trump sees economic sanctions as key to extracting more concessions but he risks losing leverage.
Iran is looking for alternatives to export its oil as the US blockades its southern ports.

The UN General Assembly wraps up with mixed diplomatic outcomes.

Iran’s Pezeshkian says Tehran no longer trusts US talks, shortly before Trump rejected its Hormuz proposal.

At the UN, Saudi Arabia accused Iran of attacks across the region and called for action against the Houthis.
Ali al-Zaidi government urges dialogue to de-escalate regional tensions amid US sanctions on Iranian airlines.
Tehran says it is awaiting an official response via mediators and that it will not back down from its conditions.
In an interview with Al Jazeera, the Iranian president says Qatar and Pakistan are relaying Tehran’s messages to the US.