Brent Crude Falls to $105 as US-Iran Truce Hopes Offset Saudi Supply Risks

The global oil market experienced volatility on September 25 as Brent crude fell to $105.11 per barrel, down 1.4%, and WTI crude dropped near $93.

The decline in prices was largely due to the possibility of a US-Iran truce, which could reduce concerns over prolonged disruptions to global energy shipments through the Strait of Hormuz.

However, renewed attacks on Saudi Arabia's oil infrastructure remain a major concern for traders, with any disruption to its production, storage, or export infrastructure having significant implications for international supplies.