Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Forex

Trump Rejection Sparks Oil Price Spike and Inflation Concerns

Guavy AI Editorial Team
Instruments
USD
Share

Oil prices spiked on September 28 as US President Donald Trump's rejection of an Iranian offer of a seven-day truce stoked inflation concerns.

The price of Brent oil rose above $106 per barrel, following a two percent drop on September 25 after news of the offer.

This increase has put inflation back in focus ahead of the Federal Reserve's next policy meeting at the end of October, with CME's FedWatch tool indicating over 65 percent chances of a second successive interest rate hike.

Investors will also be keeping an eye on key economic indicators, including the release of the bank's preferred gauge of inflation and a jobs report, which could influence policymakers' decisions.

More on Forex

Forex just now

BOE's Ramsden Signals Rate Hike Readiness Amid Ongoing QT Efforts

Forex 1m ago

Bank of England Eyes Rate Hike Amid Inflation Pressures

Forex 1m ago

Ramsden Warns Interest Rates May Hike Amid Inflation Fears

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy