Oil Rises as Traders Await US Response to Iran Proposal | Bloomberg Brief 4/28/2026

Brent crude rises above $110 a barrel as President Trump weighs Iran's proposal to end the war and is set to address the deal "very soon," according to White House Press Secretary Karoline Leavitt. Mark Haefele of UBS Global Wealth Management sees economic growth despite higher oil prices. Cayla Seder of State Street discusses the upcoming rate decision by the Federal Reserve. (Source: Bloomberg)