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Brent Crude Falls to $102.13 as Iran Signals Diplomatic Intent

By Markets Desk · · Updated 2026-09-24 03:26 UTC
A narrow waterway between rocky cliffs with a large oil tanker passing through

Brent holds near $102 as Iran reviews US peace terms; traders weigh conflicting reports on potential US diesel export curbs.

  • The Times of India reports that Iran is currently reviewing Washington’s response to its peace proposals, which prioritize lifting the US naval blockade and reopening the Strait of Hormuz. Meanwhile, traders are assessing conflicting signals regarding potential US diesel export restrictions, with the White House denying reports of a planned 90-day ban despite earlier industry alerts.

    Source: The Times of India

  • Oil prices dropped Thursday after Iran stated it remains open to diplomacy to end the US-Iran conflict.

    Source: Deccan Herald
Based on reporting by Deccan Herald and The Times of India, compiled by the Tradingbird desk.

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