Oil gains on little sign of progress in US-Iran talks
Brent crude climbed more than 2% as traders weighed stalled diplomacy, a surprise U.S. inventory build and uncertainty over a diesel export ban.
- On Thursday, Brent crude climbed above $106 a barrel as diplomatic talks between The United States and Iran at the United Nations General Assembly showed little sign of progress. November Brent futures rose 3.17% to $106.35.
- President Donald Trump disclosed Tuesday that American and Iranian representatives met for three hours, calling it a "very good meeting." However, Iranian President Masoud Pezeshkian blamed the U.S. and Israel for inflaming tensions worldwide.
- Energy Information Administration data showed distillate stockpiles fell 428,000 barrels last week, while commercial crude inventories swelled by 3 million barrels, reversing expectations of a 500,000-barrel decline.
- The White House denied a Politico report regarding a 90-day diesel export ban that caused ultra-low-sulfur futures to drop about 5% on Wednesday. Energy Secretary Chris Wright stated such a ban would not work.
- An adviser to Iran's Supreme Leader Mojtaba Khamenei warned Tehran might expand the Middle East war to the Indian Ocean if the U.S. or Israel attacks again. Secretary of State Marco Rubio noted a deal with Iran requires extensive work.
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77 Articles
Brent Crude Hits $107 as Cable News Looks Elsewhere
By: Paul Goldberg – Senior Correspondent | LGBT Business Finance News | LGBT Politics USA LAS VEGAS, NV — (September 24, 2026) — Something extraordinary happened in the global energy markets Thursday: Brent crude oil surged above $107 a barrel as renewed geopolitical tensions sent another shock through a world economy already wrestling with expensive fuel,
The main warning came from Major General Yahya Rahim Safavi, key advisor to Iran's supreme leader, Mojtaba Khamenei
Any resumption of war by the US could encourage Iran and its allies to scale up attacks on global energy supplies, including in the Red Sea and the Bab El Mandeb Strait, and possibly to move them to the Indian Ocean, the senior military adviser to Iran's supreme leader, Major General Yahya Safawi, said. "If the Americans launch a new war, they may face a new front centred on the Red Sea and the Bab El Mandeb Strait," Safavi warned, his statement…
Brent Crude Tops US$106 as Iran Warns War Could Spread to Indian Ocean
Pan-African · MARKETS Key Facts —The context The U.S. and Israel went to war with Iran in February 2026, disrupting oil shipping through the Strait of Hormuz. —What happened Front-month November Brent futures settled at US$106.60 on Thursday, Sept. 24, up 3.4% on the day. —The warning Yahya Rahim Safavi, an adviser to Iran’s supreme […]
Oil progressed on Thursday, with markets remaining cautious on a possible agreement between Washington and Tehran despite the resumption of discussions. ...
An advisor to the Iranian Supreme Guide warned against an extension of the war to the Indian Ocean in case of a new American attack.
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