Global Finance News
17 Sep 2026, 08:49
Brent Crude Falls 1.4% as Middle East Supply Fears Ease
Brent crude futures fell 1.44% to around $104.31 a barrel Thursday morning, extending their retreat from this week’s highs as concerns over immediate Middle East supply disruptions eased.
Oil prices came under pressure as Saudi Arabia worked to maintain crude exports following attacks on its East-West pipeline. Saudi shipments are being redirected through Oman’s Sohar port, while expectations that damaged pipeline infrastructure could return to service within days have reduced some of the geopolitical risk premium that recently pushed Brent toward $110. (Reuters)
Prices also reacted to comments from U.S. President Donald Trump expressing hope that the war with Iran was nearing an end, although fighting involving Saudi Arabia and Houthi forces continued to keep regional supply risks elevated. (Internazionale)
Brent nevertheless remains above $100 as Middle East tensions continue to threaten energy flows.
Brent crude futures fell 1.44% to around $104.31 a barrel Thursday morning, extending their retreat from this week’s highs as concerns over immediate Middle East supply disruptions eased.
Oil prices came under pressure as Saudi Arabia worked to maintain crude exports following attacks on its East-West pipeline. Saudi shipments are being redirected through Oman’s Sohar port, while expectations that damaged pipeline infrastructure could return to service within days have reduced some of the geopolitical risk premium that recently pushed Brent toward $110. (Reuters)
Prices also reacted to comments from U.S. President Donald Trump expressing hope that the war with Iran was nearing an end, although fighting involving Saudi Arabia and Houthi forces continued to keep regional supply risks elevated. (Internazionale)
Brent nevertheless remains above $100 as Middle East tensions continue to threaten energy flows.
