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Oil Falls on Signs of Iran Progress
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- Published
- Sep 25, 2026, 9:03 PM UTC
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Crude declined on hopes for a US-Iran breakthrough, though tight physical supplies continue to support the market.
Oil prices rose more than 4% after Yemen's Iran-backed Houthis fired missiles at Saudi Arabia and diplomatic talks between the US and Iran showed little sign of progress.
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