Oil Holds Decline as Supply Concerns Ease

2026-09-21 23:27 By Jam Kaimo Samonte 1 min. read

Crude oil held near $92 per barrel on Tuesday after falling for four consecutive sessions, pressured by easing supply concerns in the Middle East and growing diplomatic efforts to end the US-Iran war.

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.



News Stream
Oil Holds Decline as Supply Concerns Ease
Crude oil held near $92 per barrel on Tuesday after falling for four consecutive sessions, pressured by easing supply concerns in the Middle East and growing diplomatic efforts to end the US-Iran war. 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.
2026-09-21
Oil Extends Losses on US-Iran Diplomacy Hopes
Crude oil fell below $95.5 a barrel on Monday, extending losses for a fourth session after US President Trump reportedly decided against bombing Yemen for now and indicated he was open to diplomacy with Iran. Trump reportedly rejected calls from Saudi Arabia to strike the Houthis and said he would probably be open to meeting Iranian President Masoud Pezeshkian during this week’s UN General Assembly in New York. Meanwhile, crude exports from the Middle East have proven resilient even after Saudi Arabia closed its East-West pipeline following attacks. Saudi Arabia moved crude through the Strait of Hormuz at 2.9 million barrels a day over the past six days. Satellite images showed supertankers with capacity for 14 million barrels at Saudi Arabia’s Gulf export terminals over the weekend, the highest tanker count observed since at least June. Overall, however, traffic through the Strait of Hormuz continued to decline.
2026-09-21
Crude Oil Falls for 4th Session
Crude oil fell to around $95.5 a barrel on Monday, extending losses for a fourth session as traders focused on diplomatic efforts to de-escalate the US-Iran conflict and signs that oil and LNG shipments through the Strait of Hormuz remain resilient. President Donald Trump said he would probably be open to meeting Iranian President Masoud Pezeshkian during this week’s UN General Assembly in New York. Trump may also meet with other Persian Gulf leaders, while he is scheduled to hold a summit with Chinese President Xi Jinping. Meanwhile, US Central Command chief Admiral Brad Cooper said crude and LNG flows through Hormuz have reached a six-month high, with the main transit lanes clear of mines. Middle East oil flows averaged 17.1 million barrels per day over the past 10 days, despite Saudi Arabia’s East-West pipeline remaining disrupted after recent attacks.
2026-09-21