{
  "id": 9287549,
  "title": "Oil prices slide as Trump signals ‘very good’ US-Iran talks at UN",
  "url": "https://urgent.news/2026/09/23/oil-prices-slide-as-trump-signals-very-good-us-iran-talks-at-un",
  "topic": "world",
  "section": "World",
  "published": "2026-09-23T06:45:00.000Z",
  "source": {
    "name": "IOL",
    "slug": "iol",
    "url": "https://iol.co.za/business/economy/2026-09-23-oil-prices-slide-as-trump-signals-very-good-us-iran-talks-at-un/"
  },
  "original_language": "en",
  "account": "Oil prices dropped on Wednesday following remarks from President Donald Trump that US and Iranian representatives had engaged in \"very good\" talks at the United Nations. The benchmark Brent crude and the main US contract, West Texas Intermediate, fell to $98.91 and $89.93 per barrel respectively in early Asian trade, falling below the $100 mark they had frequently surpassed since the conflict in the Middle East began in February. The three-hour meeting was described as \"very good\" and \"very productive,\" with Trump informing reporters that another session is scheduled soon. This announcement came hours after Trump delivered a confrontational speech at the UN, stating he faced a significant decision on whether to negotiate a deal with Iran or \"annihilate\" the Islamic Republic swiftly. Tensions between the two nations have been ongoing since US-Israeli strikes on Tehran triggered the conflict seven months ago. Iran continues to keep the Strait of Hormuz closed, while the US maintains a blockade of Iranian ports. Meanwhile, a separate conflict between Saudi-backed government forces and Iran-backed Houthis in Yemen has impacted energy exports from the Red Sea. Analysts see the three-hour US-Iran meeting as a shift towards a genuine diplomatic process, although a final deal still appears distant. President Trump has promised that oil prices will decline once the US secures the war's victory. In the meantime, Saudi Arabia reportedly restarted operations along its East-West Pipeline, a crucial oil export route previously closed by the conflict. Saudi oil giant Aramco plans to resume exports later this week, though European customers will not receive oil in October. Asian markets were mixed, with Taiwan's Taiex index up 0.8 percent following renewed confidence in artificial intelligence. Notably, Anthropic and OpenAI released new, cheaper AI models within hours of each other, leading to a surge in Meta's stock price. Meanwhile, US-China trade relations and the evolving arms race between the two powers are also major concerns for traders.",
  "summary": "Oil prices slipped below $100 a barrel after Donald Trump said US-Iran talks were “very good”, while Saudi Arabia prepares to resume crude exports through its East-West pipeline.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "BBC World",
        "title": "US and Iran hold first talks since June after Trump's 'annihilation' threat",
        "url": "https://urgent.news/2026/09/23/us-and-iran-hold-first-talks-since-june-after-trumps-annihilation",
        "published": "2026-09-23T06:12:56.000Z"
      },
      {
        "outlet": "Malay Mail",
        "title": "Oil prices fall below US$100 after Trump hails ‘very good’ US-Iran talks",
        "url": "https://urgent.news/2026/09/23/oil-prices-fall-below-us-100-after-trump-hails-very-good-us-iran-talks",
        "published": "2026-09-23T08:00:40.000Z"
      }
    ]
  },
  "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."
}