Commodities
Brent Crude Falls Amid US-Iran Talks, Supply Concerns Rise
The price of Brent crude oil fell by 0.85% to $105.69 on September 25, 2026, due to optimism over US-Iran talks in New York that could ease tensions at the Strait of Hormuz.
However, missile attacks on Saudi Arabia and a drone strike on Russia's Perm refinery revived supply concerns, widening the Brent-WTI spread to $12.68, the largest since May.
This divergence reflects regional risks and the looming impact of a potential US diesel export ban, which would flood the domestic US market with diesel and depress WTI prices.