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Oil rises, stocks fall as Trump weighs Iran proposal

Markets moved as reports said Iran offered to re-open the Strait of Hormuz and end the eight-week-old war.

Published Apr 28, 2026, 4:18 AM EDT | WFMZZ

Oil prices jumped and stocks sank Tuesday as Donald Trump weighed an Iranian proposal reported to re-open the Strait of Hormuz and end the eight-week-old war. The market moves reflected reactions to the potential diplomatic shift.