New Overnight Developments Abroad - Daily Update
A Fresh Upturn in Global Energy Prices as Trump is Said to Turn Down Iran’s Latest Deal Offer
April 28, 2026
The price West Texas Intermediate oil, now at $100.17 per barrel, is almost 4% above Monday’s closing level. Iran’s proposal, which addressed reopening the Strait of Hormuz but defers discussion of its nuclear development, never realistically had much chance of gaining Trump’s favor. The U.S. position has conditioned any reopening of the Strait on steps […] More
