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Oil prices slide about 2% as US, Iran explore path out of war
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- Sep 25, 2026, 8:13 PM UTC
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By Scott DiSavino NEW YORK, Sept 25 (Reuters) - Oil prices fell about 2% on Friday on mounting hopes for a truce between the US and Iran and talk about a possible US ban on diesel exports, even as traders worried that increasing attacks against Saudi Arabia by Houthi fighters could disrupt supply from the Middle…
Brent crude futures rose $1.65, or 1.50%, to $106 a barrel, while US West Texas Intermediate crude was at $93.40 a barrel, up 99 cents, or 1.10%.
Oil prices fell over 2% as markets weighed growing hopes of a US-Iran truce against fresh concerns over oil supplies from Saudi Arabia. Talk of a possible US ban on diesel exports also added pressure, widening the gap between US and global crude benchmarks.