Brent Rises After 4-Day Drop

2026-09-21 23:28 By Jam Kaimo Samonte 1 min. read

Brent crude rose to around $102 per barrel on Tuesday after falling for four straight sessions, as investors weighed whether renewed diplomatic efforts to end the US-Iran war could make progress and help restore energy flows from the Middle East.

President Donald Trump is scheduled to address the UN General Assembly in New York later today and could meet with Iranian President Masoud Pezeshkian on the sidelines.

Trump is also expected to hold discussions with other Gulf nations and Chinese President Xi Jinping this week.

Meanwhile, the Trump administration has proposed a $5 billion fund to help rebuild infrastructure across the Middle East damaged by the war.

Saudi Arabia, meanwhile, moved crude through the Strait of Hormuz at 2.9 million barrels per day over the past six days.

Satellite images also showed supertankers with a combined capacity of 14 million barrels at Saudi Arabia’s Gulf export terminals over the weekend, marking the highest tanker count observed since at least June.



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