China Claims $30B Tariff Deal, Trump Rejects Iran Hormuz Plan | Sept 26 Money Update

China says it agreed with the U.S. on a $30 billion reciprocal tariff cut, a trade council and an AI dialogue (not yet confirmed by Washington); President Trump rejects Iran's seven-day plan to reopen the Strait of Hormuz, with U.S. crude at $92.44 at Friday's close; and the Iran war pushes up motor oil prices for drivers and repair shops.

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