Iran Vows to Drive 'Enemy Forces' from Arabian Sea as Trump Rejects Truce
Iran's supreme leader has threatened to expel "enemy forces" from the Arabian Sea, as oil prices surge following President Trump's rejection of an Iranian truce offer regarding the Strait of Hormuz.
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Global oil prices surged on Monday, September 28, 2026, following former President Donald Trump's rejection of a truce offer from Iran. Tehran had proposed a seven-day halt in hostilities at the United Nations General Assembly last week, which included reopening the crucial Strait of Hormuz to ease global supply concerns. Trump dismissed the offer as "totally unacceptable" on Sunday, though he also suggested that negotiations could continue.
This development quickly led to increased instability in energy markets, with Brent crude prices rising above $106 a barrel. The diplomatic stalemate intensifies an already tense situation in the Middle East.
Concurrently, the Iranian rial reached a new historic low against the US dollar, trading around 2.4 million rials per dollar on the free market. This significant depreciation reflects ongoing economic pressures on Iran, exacerbated by persistent US sanctions and declining oil revenues.
What each outlet emphasizes
- AJ: emphasizes Iran's supreme leader's vow, Trump's rejection of truce, and the surge in oil prices
- The Guardian: cites Trump administration's view that Iran was not negotiating in good faith
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thehindu.com ↗ oenergetice.cz ↗ aa.com.tr ↗ thenationalnews.com ↗ middleeasteye.net ↗