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Oil outlook: Iran talks, US diesel shortages and Hormuz risks collide
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- Published
- Sep 27, 2026, 8:32 AM UTC
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Uncertainty surrounding U.S.-Iran negotiations to end the conflict kept international oil prices rising for a second straight day. Bloomberg reported
Meanwhile, crude oil exports from key Middle East producers rebounded in September to 12.8 million barrels per day, the highest since the war started in February
Brent crude futures rose $1.49, or 1.4%, to $106.77 a barrel. U.S. West Texas Intermediate crude gained $1.34, or 1.5%, to $93.94 a barrel.