{"id":18753,"date":"2026-09-22T12:21:18","date_gmt":"2026-09-22T12:21:18","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=18753"},"modified":"2026-09-22T12:21:18","modified_gmt":"2026-09-22T12:21:18","slug":"global-crude-oil-prices-on-tuesday-september-22-2026-brent-crude-falls-to-98-33-a-barrel","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/18753\/","title":{"rendered":"Global crude oil prices on Tuesday, September 22, 2026 \/ Brent crude falls to $98.33 a barrel"},"content":{"rendered":"

RoydadNaft – <\/a><\/span>\u00a0Brent crude futures fell $2.01, or 2%, to $98.33 a barrel. U.S. West Texas Intermediate (WTI) crude futures dropped $2.50, or 2.61%, to $93.28 a barrel.<\/p>\n

Oil prices slid to a two-week low on Tuesday as signs of increased supply from the Gulf eased market concerns. Iran signaled it could reopen the Strait of Hormuz within seven days, and Saudi Arabia prepared to resume exports from its Red Sea port of Yanbu.<\/p>\n

The Brent crude futures contract for November delivery fell $2.01, or 2%, to $98.33 a barrel at 10:27 GMT. The WTI October contract, which expired Tuesday, lost $2.50, or 2.61%, to $93.28 a barrel.<\/p>\n

The more actively traded November WTI contract was down $2.45, or 2.65%, at $89.92 a barrel.<\/p>\n

Brent November, WTI October, and WTI November futures all hit their lowest levels since September 8.<\/p>\n

A senior Iranian official told Reuters on Tuesday that Iran can reopen the Strait of Hormuz within seven days if the United States eases military pressure and lifts its blockade of Iranian ports.<\/p>\n

The official said Iran\u2019s delegation to the United Nations General Assembly in New York has full authority to revive diplomacy with the United States.<\/p>\n

\u201cOil prices appear to be falling on the back of media reports that Iran may be willing to reopen the Strait of Hormuz within seven days. This could be a positive sign that diplomacy efforts may be working,\u201d said Hamad Hussain, senior climate and commodities economist at Capital Economics.<\/p>\n

Before U.S.-Israeli attacks on Iran began in late February, the strait handled about one-fifth of global oil and liquefied natural gas supplies.<\/p>\n

\u201cThere may also be other obstacles, such as the issue of tolls and fees, to overcome before a lasting solution can be achieved,\u201d Hussain added.<\/p>\n

Further weighing on prices, Saudi Arabia has restarted operations at its East-West Pipeline and could resume exports from Yanbu later Tuesday, three sources briefed on the matter said. The pipeline was pumping at a low rate, two of them said.<\/p>\n

Market attention is also on U.S. President Donald Trump\u2019s meetings with world leaders at the U.N. General Assembly this week, against the backdrop of an unstable Middle East and a 4\u00bd-year-old war in Ukraine that shows no signs of ending.<\/p>\n

Meanwhile, Saudi Aramco has increased exports through the Strait of Hormuz after attacks on its East-West Pipeline forced it to halt some shipments through Yanbu. Tanker tracking data showed about 14 million barrels of its crude were loaded onto seven supertankers inside the Gulf on Sunday.<\/p>\n

Ole Hansen, head of commodity strategy at Saxo Bank, said he does not see much further downside in oil prices until there is increased supply through the Strait of Hormuz, particularly refined products, where the real crunch remains.<\/p>\n

Diesel prices have rallied in Europe and the United States to record highs as wars in Iran and Ukraine sharply cut exports from some of the biggest producers, including Russia, Saudi Arabia, and the United Arab Emirates.<\/p>\n","protected":false},"excerpt":{"rendered":"Brent crude futures fell $2.01, or 2%, to $98.33 a barrel. U.S. West Texas Intermediate (WTI) crude futures dropped $2.50, or 2.61%, to $93.28 a barrel.","protected":false},"author":1,"featured_media":18754,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47,36,19,16,35],"tags":[],"services":[],"class_list":["post-18753","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","category-lastnews","category-news","category-oil","category-topnews"],"_links":{"self":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/18753","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/comments?post=18753"}],"version-history":[{"count":1,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/18753\/revisions"}],"predecessor-version":[{"id":18755,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/18753\/revisions\/18755"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media\/18754"}],"wp:attachment":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media?parent=18753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/categories?post=18753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/tags?post=18753"},{"taxonomy":"services","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/services?post=18753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}