{
  "id": 10595310,
  "title": "Oil prices rise for second session on continued Middle East supply concern",
  "url": "https://urgent.news/2026/09/29/oil-prices-rise-for-second-session-on-continued-middle-east-supply-10595310",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-29T02:49:55.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40441737/oil-prices-rise-for-second-session-on-continued-middle-east-supply-concern"
  },
  "original_language": "en",
  "account": "Oil prices climbed for the second consecutive day on Tuesday due to ongoing Middle East supply concerns stemming from the US-Iran conflict, which overshadowed signs of increasing crude exports from the region. Brent crude futures climbed 63 cents, or 0.6%, to $105.91 per barrel, while US West Texas Intermediate crude rose 72 cents, or 0.8%, to $93.32. Qatar-linked LNG traffic through the Strait of Hormuz is expected to rise, but the majority of the increase will likely come from workarounds such as ship-to-ship transfers, which are less efficient and more expensive than regular operations, according to KCM Trade chief analyst Tim Waterer. Crude exports from major Middle Eastern producers hit 12.8 million barrels a day in September, the highest level since February, thanks to higher shipments from Saudi Arabia and the United Arab Emirates. US and Iranian officials have been holding separate talks with mediators to end the seven-month-long war, with further discussions expected to focus on an amended version of Iran's seven-day proposal presented last week at the United Nations General Assembly. Analysts believe that the hope of reaching a deal is the main factor preventing Brent crude from moving significantly above $110 in the near term. Traders are trying to distinguish the signal from the noise among these competing forces. Meanwhile, the US is considering regulatory relief to permit broader sales of red-dyed diesel, which could help lower prices and allow some buyers to avoid federal fuel tax, according to sources familiar with the matter.",
  "summary": "Oil prices rose for a second successive session on Tuesday as lingering concern over Middle East supply disruption brought about by US-Iran conflict outweighed signs of recovering crude exports from the region. Brent crude futures had risen 63 cents, or 0.6%, to $105.91 a barrel by 0002 GMT while US West Texas Intermediate crude was at $93.32, up 72 cents, or 0.8%. Qatar-linked LNG traffic thru…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "The Business Times - Singapore",
        "title": "Singapore electricity retailers up offerings to meet higher demand amid Middle East conflict",
        "url": "https://urgent.news/2026/09/28/singapore-electricity-retailers-up-offerings-to-meet-higher-demand",
        "published": "2026-09-28T12:46:39.000Z"
      },
      {
        "outlet": "CNA - Business",
        "title": "Oil prices rise for second session on continued Middle East supply concern",
        "url": "https://urgent.news/2026/09/29/oil-prices-rise-for-second-session-on-continued-middle-east-supply",
        "published": "2026-09-29T00:33:13.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}