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Oil hits over 1-week low on hopes of boost to diplomacy in Iran war

  • Oil prices fell to more than a one-week low as traders hoped for renewed diplomatic talks between the United States and Iran.
  • Brent crude fell to $101.71 a barrel, while U.S. West Texas Intermediate crude dropped to $98.15.
  • Saudi Arabia’s East-West pipeline was damaged and could partly resume exports through a route bypassing the Strait of Hormuz.
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Special envoy Steve Witkoff confirmed in X the encounters: "Today, outside the UN General Assembly, we had extensive discussions with the Iranian delegation through the mediators, who moved between the two sides throughout the day."

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Lean Left

Oil prices continue their decline. Investors are hoping for progress in US-Iran talks and an increase in Saudi oil exports via the East-West pipeline.

·Warsaw, Poland
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  • 39% of the sources lean Right
39% Right

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inn.ir broke the news on Tuesday, September 15, 2026.
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