Trump Rejects Iran’s Hormuz Offer as US Borrowing Costs, Oil Rise

0 September 28, 2026 03:57

Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from Brussels, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we’ll tell you what matters for investors in Europe, giving you insight before trading begins.

Bonds and stocks dropped after President Donald Trump rejected Iran’s latest proposal to reopen the Strait of Hormuz, denting some of the optimism that lifted markets late last week. Oil rose and precious metals sold off.

The US and China detailed a plan to cut tariffs on about $30 billion of imports from each country, as the superpower rivals take steps to steady ties following a summit between leaders Donald Trump and Xi Jinping.

And Britain’s governing Labour Party gathers in Liverpool for its annual conference ahead of the budget next month.

Today’s guests: Martin Heydon, Irish, Agriculture Minister; Rain Newton-Smith, CBI, CEO.

Chapters:
00:00:00 – Daybreak Europe
00:01:16 – Iran Tensions Boost Oil
00:03:14 – Iran Says Won’t Soften Demands as Trump Rejects Hormuz Offer
00:05:20 – Bonds Drop With Stocks as Iran Tensions Boost Oil
00:10:53 – US, China Release Goods Lists for $30B Tariff Deal
00:14:34 – Spotlight on European CPI Figures for September
00:17:38 – OpenAI Pauses Training Most Capable Model After Sandbox Escape
00:21:16 – How EU Data Center Labels Impact Hyeperscalers
00:24:04 – US and China’s $30 Billion Tariff Deal
00:28:50 – Martin Heydon, Irish, Agriculture Minister
00:33:06 – Trump Says He’s ‘Very Seriously’ Looking at Diesel Export Ban
00:36:52 – Rain Newton-Smith, CBI, CEO
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