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Oil Prices Decline Amid U.S.-Iran Talks on Strait of Hormuz Reopening

Guavy AI Editorial Team Published September 25, 2026

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Oil

International oil prices declined on September 25 as markets focused on negotiations between the U.S. and Iran to reopen the Strait of Hormuz.

West Texas Intermediate (WTI) crude futures fell by 1.4% to $93.32 a barrel, while Brent crude traded 1.2% lower at $105.35.

The possibility of further declines in oil prices is being considered if diplomatic talks advance between the two nations.

However, the drop in prices is being limited by tight spot supply and the risk of renewed military tensions in the Middle East.

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