{
  "id": 9680755,
  "title": "Oil slips 1% as traders hope for US-Iran truce amid fresh attacks on Saudi pipeline",
  "url": "https://urgent.news/2026/09/25/oil-slips-1-as-traders-hope-for-us-iran-truce-amid-fresh-attacks-on",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-25T02:09:39.000Z",
  "source": {
    "name": "Times of India",
    "slug": "times-of-india",
    "url": "https://timesofindia.indiatimes.com/business/international-business/oil-prices-slip-1-as-traders-hope-for-us-iran-truce-amid-fresh-attacks-on-saudi-pipeline/articleshow/134472895.cms"
  },
  "original_language": "en",
  "account": "Oil prices dipped slightly by 1.09 points (1.15%) to $93.52 a barrel for WTI crude, and 0.78 points (0.73%) to $105.80 a barrel for Brent crude on Friday, according to market reports. These declines came after a significant rebound the previous day, with both contracts surging by up to 5% on Thursday. Brent's close was its highest since September 15, marking a six-session winning streak, while WTI rebounded after a 13% drop over the same period. Over the week, WTI saw a 6.42% decline, while Brent rose by 2.09%.\n\nThe US and Iran are actively negotiating a potential path to end the Middle East conflict. Sources close to the talks suggest a phased approach, including Tehran reopening the Strait of Hormuz and Washington lifting its economic blockade of Iran. The Strait of Hormuz is crucial for global energy supplies, as around a fifth of the world's oil and gas shipments pass through it, causing prices to spike by 50% in March alone due to disruptions. This has prompted liquefied natural gas buyers to seek alternative, more stable supply sources.\n\nOn Thursday, Iranian President Masoud Pezeshkian stated that the decision on ending the war rested with the United States. He emphasized that it is America that must choose whether to end the conflict or not, as evidenced in an interview on Fox News. Meanwhile, recent military activity near Saudi Arabia has kept supply concerns high. Saudi Arabia intercepted six ballistic missiles launched by Yemen's Iran-backed Houthis, thwarting potential attacks on the southern province of Taif and the Yanbu area on the Red Sea. Although Saudi Arabia has ramped up crude pumping volumes through its East-West Pipeline to Yanbu, its Red Sea export hub, crude tanker loadings have yet to resume, as reported by industry sources, satellite imagery, and shipping data. The seven-month-long conflict has disrupted global oil trade and raised concerns over energy supplies.",
  "summary": "Following a tumultuous week influenced by geopolitical unrest and supply worries, oil prices have dipped slightly. WTI crude now stands at $93.52 a barrel, while Brent crude has retreated to $105.80. Ongoing negotiations aim to address the Middle East conflict, which has considerably strained energy supplies. In Saudi Arabia, military operations have further heightened supply concerns,…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}