HomeNewsIran Peace Hopes Fade as Brent Surges 2.7% on Hormuz Standoff

Iran Peace Hopes Fade as Brent Surges 2.7% on Hormuz Standoff

  • September 28, 2026
  • Posted by: Tresmark
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Iran Peace Hopes Fade as Brent Surges 2.7% on Hormuz Standoff

Iran peace hopes fade: Brent jumped 2.7% to ~$107 after the US rejected Iran’s conditional proposal to reopen Hormuz. Gold fell by more than $100/oz as higher Oil reinforced inflation and Fed-hike fears, pushing Treasury yields higher.

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