Trump's Strait Rejection Fuels Crude Oil Price Volatility

US stocks futures eased on September 28, 2026, amid volatile crude oil prices. The Dow Jones rose 0.9% in the last session, but the overall mood was cautious due to rising bond yields and fluctuating oil prices. The tech-heavy Nasdaq composite and S&P 500 moved up 0.5%. WTI crude oil futures surged around 1.5% in Asia as US President Donald Trump rejected an Iranian proposal to reopen the Strait of Hormuz.

This development is pulling down Dow futures. Trump's rejection of the proposal has increased concerns about global oil supply, leading to a surge in crude oil prices. The market is closely watching the situation and its impact on the economy.