Oil hits over 1-week low on hopes of boost to diplomacy in Iran war
Traders weighed possible US-Iran talks at the UN as Saudi shipments recovered partly, with Brent and WTI both down about 2%
- Asian shares were mixed Wednesday as oil prices fell below $100 a barrel following President Donald Trump's report of a "very good" meeting between United States and Iranian officials at the United Nations General Assembly.
- President Donald Trump had previously threatened to "annihilate" the Islamic Republic if a deal could not be reached, but his recent remarks suggest an agreement could come soon, shifting investor sentiment toward diplomacy.
- Technology stocks showed volatility Wednesday, with Samsung Electronics rising 2.6%, South Korean memory chipmaker SK Hynix adding 0.4%, and Taiwan Semiconductor Manufacturing Co. shares climbing 1.2%.
- Brent crude fell 0.9% to $98.40 per barrel, though analysts at MUFG cautioned the path forward remains unclear given lack of clarity regarding a potential conflict resolution.
- Investors are monitoring United States artificial intelligence development debates, a topic expected to be high on the agenda when Trump meets with Chinese President Xi Jinping in Washington this week.
338 Articles
338 Articles
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.
Brent crude oil is trading at $98.53 per barrel on international futures markets.
Asian shares are mixed and oil prices fall after Trump says US and Iran met at the UN – WTOP News
HONG KONG (AP) — Asian shares were mixed Wednesday after Wall Street held near its record and oil prices fell following U.S. President Donald Trump’s remarks that United States and Iranian officials had a “very good” meeting Tuesday on the sidelines at the United Nations. U.S. futures were higher. South Korea’s Kospi rose 0.5% to 7,052.75. Hong Kong’s Hang Seng lost 0.8% to 24,896.04. The Shanghai Composite index slid 0.4% to 3,938.08. Australia…
Asian shares are mixed and oil prices fall after Trump says US and Ira
A screen shows the Korea Composite Stock Price Index (KOSPI), the foreign exchange rate between U.S. Dollar and South Korean Won, SK Hynix and Samsung Electronics Co. stock price at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Wednesday, Sept. 23, 2026. (AP Photo/Ahn Young-joon)
The Toronto Star
Asian shares are mixed and oil prices fall after Trump says US and Iran met at the UN
HONG KONG (AP) — Asian shares were mixed Wednesday after Wall Street held near its record and oil prices fell following U.S. President Donald Trump’s remarks that United States and Iranian officials had a “very good” meeting Tuesday on the…
Oil falls below $100 after Trump reports talks with Iran
Brent crude fell in early Asian trading after Donald Trump said US and Iranian representatives had held what he called “very productive” talks. Reports that Saudi Arabia is restarting a key oil pipeline also weighed on prices.
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