World · 25 September 2026
Oil prices fall 1% as the US and Iran explore a truce
The Brent crude benchmark dropped to about $105 a barrel on Friday after sources suggested Washington could end its economic blockade. In return, diplomats meeting in New York want Tehran to unblock the Strait of Hormuz for international shipping. This potential breakthrough pushed costs down despite Saudi forces shooting down six missiles launched by Iran-backed Houthi fighters.
Reported by Reuters · How we write briefs