The Investor
28 Sep 2026, 14:46
Brent Crude Rises 1.6% as U.S.-Iran Talks Stall and Hormuz Risks Persist
Brent crude futures rose 1.6% to around $99 a barrel on Monday as geopolitical risk returned to the market following another setback in U.S.-Iran negotiations.
Oil prices gained after U.S. President Donald Trump rejected Iran’s latest proposal aimed at reopening the Strait of Hormuz, while both sides remained open to further talks. The unresolved dispute has kept a geopolitical premium in crude because the waterway remains critical to Gulf oil exports.(thenationalnews*com)
At the same time, supply concerns are being partly offset by improving regional export flows. Middle East crude exports are on track to reach about 12.8 million barrels per day in September, their highest level since the conflict began, while shipments through Hormuz have also recovered significantly from earlier disruptions.(Iran International)
Saudi Arabia’s East-West pipeline has also restarted after being damaged earlier this month, providing another route for crude exports and limiting some of the upside pressure on prices. (Reuters)
The result is a highly volatile oil market: geopolitical tensions continue to support Brent, while improving Gulf exports and alternative Saudi shipping routes are preventing supply fears from escalating further.
Brent crude futures rose 1.6% to around $99 a barrel on Monday as geopolitical risk returned to the market following another setback in U.S.-Iran negotiations.
Oil prices gained after U.S. President Donald Trump rejected Iran’s latest proposal aimed at reopening the Strait of Hormuz, while both sides remained open to further talks. The unresolved dispute has kept a geopolitical premium in crude because the waterway remains critical to Gulf oil exports.(thenationalnews*com)
At the same time, supply concerns are being partly offset by improving regional export flows. Middle East crude exports are on track to reach about 12.8 million barrels per day in September, their highest level since the conflict began, while shipments through Hormuz have also recovered significantly from earlier disruptions.(Iran International)
Saudi Arabia’s East-West pipeline has also restarted after being damaged earlier this month, providing another route for crude exports and limiting some of the upside pressure on prices. (Reuters)
The result is a highly volatile oil market: geopolitical tensions continue to support Brent, while improving Gulf exports and alternative Saudi shipping routes are preventing supply fears from escalating further.
