Trump Rejects Iran Ceasefire as Markets Decline
President Donald Trump refused to rule out further military strikes on Iran, triggering declines in Bitcoin and Nasdaq futures while crude oil prices rose.
Financial markets declined on September 28, 2026, after Donald Trump refused to rule out additional military strikes on Iran before the U.S. midterm elections. While the president stated he expects the war to end soon, he rejected an Iranian proposal to pause fighting and reopen the Strait of Hormuz for seven days.
Iranian Foreign Minister Abbas Araghchi responded by stating Iran is fully prepared for renewed conflict, including a potential doomsday war. The resulting geopolitical tension drove crude oil prices higher and pushed U.S. 10-year Treasury yields toward their highest levels since 2007, raising concerns over inflation.
Bitcoin fell to approximately $83,100, erasing gains from a week of U.S. spot ETF inflows that totaled $2.4 billion. In a separate regulatory move, the Banco Central do Brasil announced that starting October 1, all crypto transfers of $10,000 or more involving self-custody wallets must be reported to the Coaf financial-intelligence unit.
