Oil hits over 1-week low on hopes of boost to diplomacy in Iran war
WTI and Brent fell more than 2% as traders bet UN diplomacy could ease US-Iran tensions and Saudi flows recovered to 17.1 million barrels a day, JPMorgan said.
- On Monday, oil prices slid to their lowest in more than a week, with Brent crude futures down 2.08% to US$101.71 a barrel as investors weighed diplomatic hopes regarding the Iran war.
- President Donald Trump said on Sunday he would be open to meeting Iranian President Masoud Pezeshkian, who is expected to attend the United Nations General Assembly in New York this week.
- On Saturday, Yemen's Iran-backed Houthis said they attacked 'sensitive' sites in Riyadh and a Saudi Aramco facility in Yanbu with missiles and drones, elevating Middle East tensions.
- Attacks on the East-West pipeline prompted Saudi Aramco to shift exports through the Strait of Hormuz, enabling shipments to recover to over 4 million barrels per day so far in September.
- Iran has conveyed conditions to mediators for re-engaging in negotiations, while China reportedly asked Iran to help rein in the Houthis following an appeal by Saudi Arabia.
136 Articles
136 Articles
New York, Sep 21 (EFE).- Texas Intermediate Oil (WTI) fell by 4.5% this Monday, up to $95.78 a barrel, after U.S. President Donald Trump was open to conversation with Iran’s counterpart Masoud Pezeshkian. At the end of the session, Texas’ oil contracts fell by 4.5% in anticipation of talks between the U.S. and Iran was first published in HolaNews.
(Los Angeles=Yonhap News) Correspondent Kim Kyung-yoon = International oil prices fell significantly on the 21st (local time) amid expectations that the U.S. and Iran could find a diplomatic solution...
Evening Standard
FTSE 100 climbs as oil prices dip on US-Iran talks hope
The FTSE 100 index ended up 79.88 points, or 0.8%, at 10,739.01.
Brent's barrel, an international oil benchmark, was returned Monday under 100 dollars, while the US equivalent the WTI lost more than 5%. ...
The European crude oil went back about 4%, to be close to 99.80 dollars
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