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Commodities

Iran-US Phased Deal Sparks Oil Price Stability

Guavy AI Editorial Team
Instruments
Oil
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Oil prices steadied on September 24, 2026, as US and Iranian negotiators reportedly explored a phased deal to reopen the Strait of Hormuz.

The development came as Brent crude dropped toward $106 a barrel, after increasing by over 7% in the previous two days. West Texas Intermediate also fell below $94.

The negotiations took place on the sidelines of the United Nations General Assembly, with both countries pushing for a breakthrough according to a person familiar with the discussions.

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