Iran War Is Driving Up Cost of Your Next Oil Change
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Iran to reopen Strait of Hormuz
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7hon MSN
Saudi Arabia crude oil exports hit highest level since Iran war began despite pipeline outage
Saudi exports are rising despite escalating attacks on its infrastructure from Iran-backed militants in Yemen and Iraq.
Insiders told media that U.S. and Iran negotiators in New York were exploring a phased path out of the war; this coincided with Iranian foreign minister Abbas Araghchi laying out a step-by-step timeline for reopening the Strait of Hormuz.
U.S. and Iranian delegations met on the sidelines of the U.N. General Assembly, rekindling diplomacy amid Trump's threat to "annihilate" the regime.
Oil prices advanced on Friday, cutting into losses over the past several sessions.
By Helen Clark PERTH, Sept 23 (Reuters) - Oil prices drifted lower on Wednesday as Saudi Arabia began restoring crude supply on a critical pipeline to the Red Sea and on hopes for a diplomatic solution to the US-Iran war through talks at the UN in New York.
Oil fell more than 3% earlier in the session as the U.S. relies on economic pressure against Iran rather than military strikes.
Israeli Prime Minister Benjamin Netanyahu promises 'surprises' for UN speech one day after the son of the Israeli Ambassador to the US was injured in a West Bank attack. Iran continues to accelerate its nuclear program pushing crude oil prices up.
Oil prices advanced on Friday, cutting into losses over the past several sessions.