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US Iran Oil Prices - US-Iran Tensions Keep Oil Prices High: Brent Hits $105 as Strait of Hormuz Blockade Holds 25-09-2026

Summary by Polyestertime
Brent crude holds near $105/bbl and WTI sits at $93/bbl as diplomatic deadlocks and Strait of Hormuz blockades keep global energy markets volatile.

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Oil prices accelerated the decline on Friday afternoon, with the Middle East at the centre of the market.

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Prices fell after reports that US and Iranian negotiators in New York were discussing a deal that could gradually end the conflict.

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Commodity contracts in international markets are trending downward on Friday (25.9.2026), with prices however remaining at high levels, above 105 ... The article Moderate fall in oil to 105 dollars and natural gas to 74 euros against the backdrop of a possible lifting of the blockade of the Strait of Hormuz was published in NewsIT.

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Newsit.gr broke the news on Friday, September 25, 2026.
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