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Oil hits over 1-week low on hopes of boost to diplomacy in Iran war
Brent and WTI hit their lowest since Sept. 10 as traders priced in possible US-Iran talks and a partial rebound in Saudi exports, analysts 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.
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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...
·Seoul, Korea (the Republic of)
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Evening Standard+3 Reposted by 3 other sources
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.
·London, United Kingdom
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Total News Sources166
Leaning Left7Leaning Right23Center21Last UpdatedBias Distribution45% Right
Bias Distribution
- 45% of the sources lean Right
45% Right
14%
C 41%
R 45%
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