21:26 - 21.09.2026

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September 21, Fineko/abc.az. Oil prices dropped nearly 4% on Monday, with Brent crude falling below the $100 threshold to $99.75 per barrel amid rising expectations of diplomatic easing between the U.S. and Iran ahead of the UN General Assembly in New York. West Texas Intermediate (WTI) futures also declined to $92.14 per barrel.

Sentiment shifted following statements from U.S. President Donald Trump indicating openness to meeting Iranian President Masoud Pezeshkian, coupled with ongoing Qatari mediation. The decline in geopolitical risk premiums was further supported by a recovery in Saudi crude exports—rebound to over 4 million barrels per day in September—and persistent hawkish rate expectations from the Federal Reserve.