Event·Diplomatic

Oil Drops as Hormuz Reopening Prospects Ease Supply Concerns

22 SEP 2026 · 1242Z

Oil prices fell to a two-week low on Tuesday as prospects for Gulf supplies improved, with Iran signaling it could reopen the Strait of Hormuz within seven days and Saudi Arabia set to resume exports from its Red Sea port of Yanbu.The Brent crude futures LCOc1 November contract…