Oil continues to plunge: WTI falls below $96, Brent below $100 after Trump prepares to negotiate with Iran

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โดย InfoQuest·GLOBAL·Read original
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Global crude oil prices fell for a fourth consecutive trading day, with West Texas Intermediate crude for October delivery dropping $5.25, or 5.23%, to $95.05 a barrel, slipping below the $96 a barrel level, while Brent crude for November delivery fell $4.60, or 4.43%, to $99.27 a barrel, slipping below the $100 a barrel level. The decline followed reports that President Donald Trump is ready to negotiate with Iran and that the United States will not strike the Houthis, an Iranian ally, even though Saudi Arabia has urged the United States to act. The New York Times reported that President Trump said on September 20 that he was open to meeting with Iranian President Masoud Pezeshkian at the United Nations General Assembly in New York this week, and stated that options for dealing with Iran include destroying Iran entirely, letting Iran decline economically, or making a deal with Iran. Meanwhile, Mohammad Bagher Ghalibaf, head of Iran's negotiating team, said Iran has submitted its conditions to the United States through intermediary countries to discuss reopening the Strait of Hormuz.

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