Commodities

Oil Prices Decline Over 2% Amid Renewed U.S.-Iran Talks and Saudi Export Recovery

Guavy AI Editorial Team Published September 21, 2026

Instruments

Oil

Oil prices declined by more than 2% on Monday as hopes for renewed talks between the U.S. and Iran, along with a recovery in Saudi crude exports, eased supply concerns.

Brent crude fell 2.12% to $101.68 per barrel, while U.S. WTI dropped 2.32% to $93.85.

The mediation efforts between Washington and Tehran are being led by Qatar, in collaboration with Pakistan, which aims to resume talks.

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