Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Commodities

Crude Prices Slide on US-Iran Talks, OPEC Hopes

Guavy AI Editorial Team
Instruments
Oil
Share

Crude oil prices are down today as negotiations between the US and Iran explore a deal to reopen the Strait of Hormuz.

The Financial Times reported that Iranian Foreign Minister Abbas Araghchi submitted a new seven-day proposal to the US, which would see Iran reopen the strait if certain conditions were met.

Saudi Arabia's East-West pipeline was closed as a precaution following attacks by Houthi rebels, but it is expected to be back online by Saturday.

The OPEC delegates have approved their final increase of 188,000 bpd in crude production for September, but the planned OPEC+ production increases may be difficult to achieve amid persistent US-Iran military attacks in the region.

More on Commodities

Commodities 11m ago

$160 Billion Gas Buildout Faces Headwinds in Southeast Asia

Commodities 11m ago

Nigeria's Gas Ambitions Hinge on Decade-Long Pipeline Infrastructure Push

Commodities 16m ago

Silver Price Holds Steady Amid Easing Oil Prices and Hawkish Fed Outlook

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy